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Decision Vision Episode 46: Does My Corporate Culture Need More Humor? – Karyn Buxman, The HumorLab

January 9, 2020 by John Ray

Does My Corporate Culture Need More Humor?
Decision Vision
Decision Vision Episode 46: Does My Corporate Culture Need More Humor? - Karyn Buxman, The HumorLab
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Decision Vision Episode 46:  Does My Corporate Culture Need More Humor? – Karyn Buxman, The HumorLab

Does my corporate culture need more humor? What are the benefits of humor in the workplace? What’s the best way to inject humor while avoiding the risks? Answers to these questions and much more come from neurohumorist Karyn Buxman on this edition of “Decision Vision.” Mike Blake is the host of “Decision Vision,” presented by Brady Ware & Company.

Karyn Buxman, The HumorLab

Karyn Buxman

Karyn Buxman is Founder and President of The HumorLab. The HumorLab is dedicated to serving high performers who have gone from good to great and now want to go from great to world class through the use of strategic humor.

Karyn Buxman is a research-based thought leader on applied humor, whose latest undertakings are her TEDx talk—“How Humor Saved the World”—and her upcoming Forbes book, Funny Means Money. Strategic Humor for Influence & World Domination. As a neurohumorist Karyn’s career resides at the intersection of humor and the brain. She is as masterfully funny, but her passion and calling are sharing the practical benefits of humor.

Karyn is one of 194 professionals (and one of only 43 women) in the world to be inducted into the Speaker Hall of Fame. Karyn speaks internationally to organizations that grasp the important role humor plays in business, health and life. Among her 800+ clients over 25 years are Genentech, State Farm, USDA, Cigna and the Million Dollar Roundtable.

For more information, go to Karyn’s website or You can also download a copy of Karyn’s new book, Funny Means Money, at humorforme.com.

Michael Blake, Brady Ware & Company

Mike Blake, Host of “Decision Vision”

Michael Blake is Host of the “Decision Vision” podcast series and a Director of Brady Ware & Company. Mike specializes in the valuation of intellectual property-driven firms, such as software firms, aerospace firms and professional services firms, most frequently in the capacity as a transaction advisor, helping clients obtain great outcomes from complex transaction opportunities. He is also a specialist in the appraisal of intellectual properties as stand-alone assets, such as software, trade secrets, and patents.

Mike has been a full-time business appraiser for 13 years with public accounting firms, boutique business appraisal firms, and an owner of his own firm. Prior to that, he spent 8 years in venture capital and investment banking, including transactions in the U.S., Israel, Russia, Ukraine, and Belarus.

Brady Ware & Company

Brady Ware & Company is a regional full-service accounting and advisory firm which helps businesses and entrepreneurs make visions a reality. Brady Ware services clients nationally from its offices in Alpharetta, GA; Columbus and Dayton, OH; and Richmond, IN. The firm is growth minded, committed to the regions in which they operate, and most importantly, they make significant investments in their people and service offerings to meet the changing financial needs of those they are privileged to serve. The firm is dedicated to providing results that make a difference for its clients.

Decision Vision Podcast Series

“Decision Vision” is a podcast covering topics and issues facing small business owners and connecting them with solutions from leading experts. This series is presented by Brady Ware & Company. If you are a decision maker for a small business, we’d love to hear from you. Contact us at decisionvision@bradyware.com and make sure to listen to every Thursday to the “Decision Vision” podcast. Past episodes of “Decision Vision” can be found here. “Decision Vision” is produced and broadcast by the North Fulton studio of Business RadioX®.

Visit Brady Ware & Company on social media:

LinkedIn:  https://www.linkedin.com/company/brady-ware/

Facebook: https://www.facebook.com/bradywareCPAs/

Twitter: https://twitter.com/BradyWare

Instagram: https://www.instagram.com/bradywarecompany/

Show Transcript

Intro: [00:00:02] Welcome to Decision Vision, a podcast series focusing on critical business decisions brought to you by Brady Ware & Company. Brady Ware is a regional full-service accounting and advisory that helps businesses and entrepreneurs make visions a reality.

Mike Blake: [00:00:20] And welcome back to Decision Vision, a podcast giving you, the listener, clear vision to make great decisions. In each episode, we discuss the process of decision making on a different topic from the business owners or executives’ perspective. We aren’t necessarily telling you what decision to make, but we can put you in a position to make an informed decision on your own and understand when you might need help along the way.

Mike Blake: [00:00:41] My name is Mike Blake and I’m your host for today’s program. I’m a director at Brady Ware & Company, a full-service accounting firm based in Dayton, Ohio, with offices in Dayton, Columbus, Ohio, Richmond, Indiana, and Alpharetta, Georgia, which is where we’re recording today. Brady Ware is sponsoring this podcast. If you like this podcast, please subscribe on your favorite podcast aggregator and please consider leaving a review of the podcast as well.

Mike Blake: [00:01:05] So, today, we’re going to discuss humor in the workplace and injecting humor into a workplace culture. And I’m sure everybody who is listening to this podcast is thinking, “Well, you work for a CPA firm. That’s a perfect place to start talking about humor in the workplace”, because obviously, we sort of yak it up all day long. We’re just known for that. Although in our defense, I will point out that probably—certainly, the top three comedians, Bob Newhart actually started his career as a CPA.

Mike Blake: [00:01:38] Obviously, the entertainment gig did very well by him, but accountants do produce funny people at least once in a generation, so it can happen. But, you know, I think this topic is so important and so interesting. We’re learning more about the state of mental health in the workplace and we’re learning more about—and this is related to so-called work-life balance and we’re learning about the pressure that we’re under, as we’re always under increasing pressure to kind of do more with less.

Mike Blake: [00:02:15] And, you know, we’re hearing more about people, frankly, kind of struggle to adapt to that. And we struggle to adapt to that. Whether you’re a line worker, whether you’re a cashier, whether you’re middle management, whether you’re executive management, whether you are the owner of the business, there is always something out there that is going to challenge you mentally. And most of us, myself included, feel like there’s something out there, every hour, to challenge us mentally.

Mike Blake: [00:02:46] And it can lead to places, you know, that are humorless places to work. And places that are humorless places to work, as our guest is going to discuss, are neither pleasant nor very effective workplaces. And there’s a fine line, and maybe not so fine line, we’re going to find out that, you know, just because you have a sense of humor and there’s a sense of humor and humoring in the business culture, that does not mean that you don’t take your job seriously.

Mike Blake: [00:03:21] You know, for example, Southwest Airlines is known for encouraging their employees, you go in a Southwest flight, right? Some of those flight attendants could easily be stand-up comedians and maybe they are when they’re not actually on a flight. But I’m also confident that they take flight safety very seriously because they all want to make it home. But I think there’s a misperception. And in my industry, I think particularly if you’re old school, you want to create this image of being sort of the buttoned down, very serious person, because you’re talking about finance, you’re talking about money, you’re talking about financial stability and solvency.

Mike Blake: [00:04:01] And, you know, for some clients, maybe that’s right. For others, maybe it’s not. So, I think we’re going to have a lot of fun. I think there’s a lot to learn from this topic today. And joining us today is an expert on this topic from beautiful San Diego. So, in contrast to Atlanta, where it’s currently 38 and raining and overcast, about three layers of clouds, let me just take a guess, well, it’s 9:00 a.m. there, so it’s probably about 72 and sunny there?

Karyn Buxman: [00:04:34] Well, it’s not quite that warm. I mean, it’s chilly here, it’s probably 64.

Mike Blake: [00:04:39] Oh, okay. Well, hopefully you can throw a sweater on, you’ll be able to pull through it. So, Karyn is founder of the Humor Lab. And the Humor Lab is dedicated to serving high performers who have gone from good to great and now want to go from great to world class with the use of strategic humor. Karyn Buxman is a research-based thought leader in applied humor whose latest undertakings are her TEDx talk, How Humor Saved the World and her upcoming ForbesBook, Funny Makes Money, Strategic Humor for Influence and World Domination.

Mike Blake: [00:05:10] As a neurohumorist, Karyn’s career resides at the intersection of humor and the brain. She is as masterfully funny, but her passion and calling are sharing the practical benefits of humor. Karyn is one of 194 professionals and one of only 43 women in the world to be inducted into the Speaker Hall of Fame. Karyn speaks internationally to organizations that grasp the important role that humor plays in business, health, and life. Among her over 800 clients over 25 years are Genentech, State Farm, now an Atlanta-based company, the US Department of Agriculture, Cigna, and the Million Dollar Roundtable. Karyn, thanks so much for coming on the program.

Karyn Buxman: [00:05:52] Mike, I’m so excited to be here with you.

Mike Blake: [00:05:55] So, Karyn, I’ve got to ask one question right off the bat. I’m tearing up the script, but I know you can handle it. What are the speeches like at the International Speaker Hall of Fame? When somebody gives an induction speech at the Speaker Hall of Fame, what are they like?

Karyn Buxman: [00:06:10] You know, I have to say, it’s really kind of a weird situation because let me put it this way, how many speakers does it take to change a light bulb? Yeah, 100. One can change a light bulb and 99 to sit in the audience going, “That should be me up there on the stage.” And that’s kind of how it is, you know, with the Hall of Fame. But it’s wonderful. I think that’s one of the accomplishments that I most treasure because, you know, it’s one thing when your mom or your spouse says, “Oh, my God, you’re the best thing since Velcro.” But when your peers say that, that’s very, very rewarding. So, I feel very honored to have received that award, that I can have-

Mike Blake: [00:07:01] Yeah. I can imagine.

Karyn Buxman: [00:07:01] … that recognition.

Mike Blake: [00:07:02] Where are they located?

Karyn Buxman: [00:07:06] The National Speakers Association is actually a global organization and their headquarters are located in Tempe, part of Phoenix, in Arizona.

Mike Blake: [00:07:19] Okay. Very good. Because the next time I go to Phoenix, I can visit and see your plaque and your induction speech and all that, I guess.

Karyn Buxman: [00:07:26] Yeah, you know. And I have this little statue, it’s kind of like the Oscars.

Mike Blake: [00:07:30] Sweet.

Karyn Buxman: [00:07:31] And so, that’s sitting on one of my shelves. And so, yeah. But not to take it too seriously, like don’t tell the headquarters I did this because they would probably be agog. But I found online these little outfits that you could get for wine bottles to dress them up, you know, kind of like, I guess, there was one for weddings and there was one for various kinds of holidays, a Santa outfit or a 4th of July outfit that you could put on a wine bottle to gift it. And it fits my statue perfectly. So, periodically, we dress it up.

Mike Blake: [00:08:10] Well, good. And we both know how hard it can be to find something that sits off the rack so that works out well.

Karyn Buxman: [00:08:16] Exactly.

Mike Blake: [00:08:19] So, you categorize yourself as a neurohumorist. What is that?

Karyn Buxman: [00:08:25] Yes. A neurohumorist is one who lives at the intersection of humor and the brain. I have been researching the field of humor within the field of psychoneuroimmunology and positive psychology for thirty years. And over the last decade, I’ve really delved deep into humor and the effects on the brain and vice versa. And it’s just amazing. It really was. It was like the missing piece. And so much of what I have discovered in the last couple of years is what I think makes this so pertinent for you and for your listeners. Because really, so much of the interactions with your listeners and your executive, these are the things that our brain-based.

Karyn Buxman: [00:09:22] And it really helps us get a better understanding of why we behave like we do and why others respond to us like they do and how can we influence that. And so, the brain piece is something that people, you know, up until now had not really looked at. What is the relationship between humor and the brain? But this is the sweet spot. This is really the sweet spot. And so, the people who are listening to us today, both of them, they’re going to be-

Mike Blake: [00:09:56] We had a spike.

Karyn Buxman: [00:09:57] … drawing information that is very cutting edge. This gives them a competitive edge even.

Mike Blake: [00:10:04] So, are you teaching leaders of the Genentechs and State Farms of the world then, you know, how to how to be funny? I don’t know who their CEOs are, but, you know, are they now qualified to do stand-up or what does that look like?

Karyn Buxman: [00:10:23] I’m so happy you asked that because this is the biggest misconception that when I’m teaching people or encouraging people to leverage the power of humor, that what I’m really talking about is entertainment. How do you get other people to laugh? And that is not the case. What I’ve identified are three purposes of humor. And the first purpose of humor is entertainment. And that’s the one that everybody knows and is familiar with.

Karyn Buxman: [00:11:03] And when our purpose is entertainment, we measure our success by laughter. But there’s two other purposes. One of the purposes is influence and the other is well-being. And just in your intro, when you were talking, I thought, “Oh, man. Boom, boom. Both of those are relevant to our listeners today.” And so, with influence, we don’t measure the success of humor and influence by laughter, we measure it by the quality of the relationships that we have.

Karyn Buxman: [00:11:41] And with well-being, we measure the success of applied humor by the levels of health and wellness within areas that are physical, psychological, social, and even spiritual. So, it’s this power of humor when you apply it. And when you apply humor to business, you can create success. When you apply it in profitability, when you apply to education, you can create more knowledge. When you apply it to health, we can create well-being. When you apply humor to an individual situation, we can create even intimacy. And when we apply it to a group, we can create community.

Karyn Buxman: [00:12:28] And so, it goes so far beyond being funny, which is great. Because when I’m talking to high performers, one of the top three push-backs I get is, “What if I’m not funny?” And I say, “Great because you don’t have to be funny”, which I know a bunch of accountants are going, “Oh, my God, thank God, you’re so right on.” I mean, oh, my gosh, Bob Newhart, he just makes me laugh so hard, I cry. And if there is anyone listening who has not ever listened to the piece on Bob Newhart as the psychologist, he’s trying to help a woman stop her OCD habits and phobias, it’s fall down, hysterical.

Karyn Buxman: [00:13:15] So, you know, here we go, we’re not trying to be funny, we’re trying to see funny. We’re trying to raise our awareness, raise our appreciation of humor so that we can experience it more. And in so doing, now, we recognize and can leverage opportunities of humor so that we can use those in our efforts to be more persuasive, be more informative, be more relatable, all of those kinds of things. And so, for everyone listening today, here’s a big takeaway, you don’t have to be the humor initiator, you can be the humor appreciator and you can still gain the benefit of humor in furthering your success.

Mike Blake: [00:14:10] Well, okay. And even if you think about entertainment, right? I mean, Dean Martin and Ed McMahon did pretty well being the straight guys, right?

Karyn Buxman: [00:14:18] Yes. Yes. And when you recognize the power of humor and to leverage humor, you can leverage other people’s humor. You don’t have to be the funny person. You can leverage your client’s humor. You can leverage humor that has to do with your environment. You can leverage humor that’s going on in the news. There’s all different ways that you can use that without ever having to say something funny yourself. Although I will say, if you practice appreciating humor on a regular basis, most people will get funnier. I mean, you can’t help it.

Karyn Buxman: [00:15:05] Here’s a quick little story, because I do entertain audiences, I mean, from 10 to 10,000-plus around the planet and I do make people laugh and I had a gentleman come up to me after one of my presentations and he said, “Oh, my gosh, were you always this funny?” And nobody has ever asked me that before. And I thought, “Yeah, I guess so.” But a couple of months later, I went back home. I met with my mom and I said, “Hey, mom, by the way, was I always funny?” And she looked at me and kind of kept her head thoughtfully and then, she said, “No.” And my mouth dropped up. And she said, “You were always the one with the sunny disposition.”

Karyn Buxman: [00:15:48] And at first, I was a little taken aback. But then, I got excited because what I realized was that because of my research and because I was so excited about the benefits, I was willing to practice more humor. I was willing to take a few more risks because the benefits outweighed the risks. And I became funnier in the process. And so, I think that others can also go down this path of appreciating humor, studying humor, experiencing humor. And eventually, they could be funny, too, if they desire. Not everybody wants to be funny.

Mike Blake: [00:16:30] So, let me share with you an experience we had in our firm. So, when I joined Brady Ware, because I’m a geek and I worked in the really quant jock area of our firm, I decided that we would celebrate Pi Day, which is, of course, March 14th. And we celebrate it promptly at 1:59 p.m. and 27 seconds, right?

Karyn Buxman: [00:16:52] I love it.

Mike Blake: [00:16:53] And so, the first thing we did, I ran out and I bought a bunch of pies. I had a bunch of pies and I was fine. This year, you know, I was told we have a fun committee. Okay. So, nothing says more fun than a committee. But anyway, I went to the committee and I said, “Hey, regarding this Pi Day, do you want to do anything different?” And they said, “You know, what we really like to do is we would like to throw pies at the partners.” And I said, “Okay, well, if you can convince the other partners and partners are in, I’m in.” And to the partners’ credit, they all readily said, “Yeah, I’m in.” Now, none of them, I think, are people that necessarily—I mean, some of them can crack a joke, others are more not the joke crackers. But, you know, everybody stood up there and took their pie lumps for about 15 minutes or so.

Karyn Buxman: [00:17:45] Oh, my God.

Mike Blake: [00:17:46] And I think you can predict what the morale impact on the company was on that exercise. We didn’t say a joke, we didn’t do anything that was funny, but we let ourselves be part of a gag. We let ourselves be the target of a gag.

Karyn Buxman: [00:18:03] Oh, my God, you’ve just opened the—number one, that is awesome. That is an incredible story. And two, let’s break this down. Can we unpack this for a minute?

Mike Blake: [00:18:16] That’s why I brought it up. We’re just going to tear out the script. This may be a three-parter.

Karyn Buxman: [00:18:20] Yes. So, here’s something, let’s unpack this a little bit, because one, you know, I think as we also celebrate Pi Day and then, there was Ultimate Pi Day, which was 3.14.15. And that was like, we’re kind of geeky around that as well. But in allowing your people to be the recipients of the humor, you allowed them to be the recipients of the humor, and in so doing, now, they have shown a little bit of vulnerability.

Karyn Buxman: [00:18:59] And in that vulnerability, this is where we create trust equity. Trust equity. Because earlier, we were talking about brains. And with brains, we have a state when we are leaning toward an individual, when we are connecting with an individual, when our brain chemicals are in a toward state of connection. This is something that facilitates relationship rapport, bonding. But when our brains are in an away state, when your epinephrine is going up and when our cortisol is going up and when our dopamine is going down and serotonin is going down and all these other connecting hormones and proteins, this is when we call this an away state.

Karyn Buxman: [00:19:57] And when we’re in an away state, it can be a low level stress, it can be a fear. The purpose of our brains are to protect us. And so, it’s always looking for threat. And you guys may not want to hear this, but, you know, as somebody who is in the field of managing people’s money, you automatically put someone’s brain in a threat state. I would say anybody who handles someone’s money or somebody’s body, you are working with a clientele whose brain is in an away state, a threat state.

Karyn Buxman: [00:20:37] How do you reverse that? Because if the brain is in an away state and the person’s amygdala is hijacked, you know, you’re not going to be able to inform them. You’re not going to be able to help them. You’re not going to be able to persuade them to the degree that you could if they were in a toward state. And humor creates that toward state. And so, what you did in so doing this exercise was the people who allowed someone to throw pies at them, they’re showing, in a humorous way, some vulnerability. And other people look at that and say, “Wow, that person is a little bit vulnerable. And that means I am safer.” And so, this isn’t even at a conscious level.

Karyn Buxman: [00:21:33] But anybody who would learn about this as a client or as a potential client or customer, that helps create that toward state. And in so doing, even among the team, now, we’ve created a toward state so that people are connecting more, the morale improves, the connectedness improves. And for so many reasons, you facilitated that and you probably didn’t even intentionally know that that was going to be the outcome. But here’s the great thing, now, you do. And with great power comes great responsibility, Mike. So, now, you want to look for other opportunities to create that toward state intentionally, because that’s what strategic humor is about. It’s humor by choice, not by chance.

Mike Blake: [00:22:30] Yeah. So-

Karyn Buxman: [00:22:32] Kudos to you.

Mike Blake: [00:22:32] Well, thank you. You know, it’s actually not that hard to have a pie thrown on your face, so if I can put that on my LinkedIn as a skill, I will. So, let me ask. So, the second part to this then is there is debate as to whether or not we’re going to post the pictures and videos on social media. We decided to do that. Did we do the right thing or wrong thing there?

Karyn Buxman: [00:22:59] It depends. I would say yes. I would say it’s the right thing to do. And I will say that there have been other professions who have posted similar kinds of situations. And occasionally, they get some push-back. But here’s what I would say, I’ve identified seven building blocks that are fundamental to successful humor in terms of influence. And those seven are bond, environments, authenticity, safety, distance and that’s both temporal and geographical content and delivery.

Karyn Buxman: [00:23:44] But the very first one, bond, is one that is so important and one that people often misunderstand. And what you’re asking actually has to do with the first one, bond, and the second one, environment. So, let’s look at this. In terms of bond, the question is, did this move trust equity forward with the people that you were sharing it with? And my guess is, yes, with your target audience, with your avatar, with the people that you know and that know you.

Karyn Buxman: [00:24:23] The biggest mistake that people make when they share humor is to not understand the relationship between themselves and the person they’re sharing the humor with. And our brains are designed as such that at times, we misunderstand or we misperceive how alike we really are. Like, “Oh, well, you know, I’m in Atlanta, he’s in Atlanta, we both like the same sports team, so we probably vote for the same person.” Well, that’s not a good assumption.

Karyn Buxman: [00:25:00] And, you know, we probably like the same kind of humor. Same kind of thing, not necessarily safe to assume. But the more you know your audience and kind of the longer period of time, the more trust equity you’ve built up, the riskier humor can be. But I’m going to stay on bond, I’m going to say yes, with your avatar, that would be totally appropriate. In terms of environment, the question is, has your humor been shared with anybody who is outside of your circle, outside of your group of trust?

Karyn Buxman: [00:25:40] And with social media, that’s harder to control. Because not only can you share it with your group, but they can share it to others outside your group. I’m going to say still, this is benign enough because if we go to the building block of safety, could anybody have been physically or emotionally hurt? You know, there’s a small chance that somebody could have been hurt with a pie in the face. You know, it’s like, well, what if, you know, they left the aluminum part of it on and that hit somebody-

Mike Blake: [00:26:15] Right.

Karyn Buxman: [00:26:15] … on their skin or in their eyeball?

Mike Blake: [00:26:17] Somebody hit you a frozen chicken pot pie, that would not turn out as well.

Karyn Buxman: [00:26:20] Yeah. Yeah. But, you know, could anybody feel bullied or embarrassed? You know, well, there’s a there’s a possibility, but it still feels pretty low if they voluntarily stepped up, pardon the pun to the pie plate. So, with all of those things, I’m going to say that the benefits would outweigh the risks. You know, if somebody is offended, why would they be offended? Because, you know, there’s some kind of a secret organization that is anti pie in the face? I mean, I can’t really even think of it.

Karyn Buxman: [00:26:57] You know, there’s going to be some, they’re like, “Oh, my gosh, is that really professional?” And again, those people have the misunderstanding, somewhere along the way, we confuse professionalism with solemnness. I’m not sure where that happened because we have leaders who are tremendously influential, who are incredibly professional, who are looked upon in the highest regard. You look at, you know, Churchill, you look at Gandhi, you look at President Kennedy and Reagan, I mean, there’s Lincoln, all these people were recognized as influential leaders and professional and yet they had an amazing sense of humor. So, I think that what you did was awesome.

Mike Blake: [00:27:51] So, where is that line or is there a line between, you know, humor and crossing that line to undermining your credibility? Is there some meter or some scale where, you know, you’re trying to be too yak yak and therefore, it’s going to make a little bit—you know, as you’re being wheeled in for brain surgery, do you necessarily want a knock knock joke out of the people in the operating room or, you know,I mean, maybe you do because it’ll take some of the tension out before they drill in your head, I’m not sure. But can you go too far with it?

Karyn Buxman: [00:28:33] This is such a great question and this is why I’m guaranteed, you know, enough work for my lifetime. There is a line, but it’s not a stationary line. That line is moving and it is moving based on those seven building blocks. And I actually have devised a tool where when I’m working with groups or when I’m consulting with someone, we take these situations and we actually break them down. We quantify each of these seven steps so that people can begin to get a feel for, where is that line?

Karyn Buxman: [00:29:17] Because sometimes, we intuitively know it. Sometimes, we misjudge it. And when you do cross that line or fall over that line, you want to pick yourself back up and then, you want to examine what happens. If someone was offended, you want to address that with them. And then, you want to learn from it and do it again. You want to adjust. It’s a scientific process. You know, you create your hypothesis. You put into place an action. And then, you observe, you assess what was the result of that action. And then, you adjust and you repeat.

Karyn Buxman: [00:30:01] And so, these are the kinds of things in terms of that moving line. But I mean, we all know the person who recognized that, “Oh, humor is a good thing, so we’re going to use more humor.” And then, they just become obnoxious because they try to be humorous or funny all the time. You know, I had mentioned earlier that one of the push-backs I get is, “What if I’m not funny?” A second concern that I hear is, “Well, what if everybody’s goofing off? We’ll never get anything done around here.”.

Karyn Buxman: [00:30:33] And here’s the key to this, the key to this is you need to have intentionally your goal, your desired outcome, your standards. And then, you also set the tone for humor. And here’s why, because you pair the two. Because if you only set the tone for high performance and hard work and high aspirations and that’s all that you do, eventually, people assume that the philosophy at work is the firings will continue until morale improves. If you only set the tone for humor without having a high benchmark for performance, then it becomes Animal House. And if anybody here is listening to this and doesn’t know the reference to Animal House and John Belushi, go look that up on YouTube.

Karyn Buxman: [00:31:35] But when you pair the two, now, you have high expectations per performance and you have set the tone for humor. And now, people have a better guideline of where to go. But for leaders to actually mentor their followers, their colleagues, their co-workers, their clients, their students, their family, to mentor others on the appropriate use of humor so that you leverage it and get the most benefits from it, I think, is really to be in a sweet spot.

Mike Blake: [00:32:12] So, let’s dig into this. You know, we’ve talked around this a little bit, but I want to make sure that we hit this hard, because it really is the heart of the topic, which is, you know, what benefits can I expect by creating a—is it fair to call it a humor-centric, if you will, business culture? And I think that’s important, because one of the things about humor is that there is risk. There is risk to humor-

Karyn Buxman: [00:32:41] Yes. Yes.

Mike Blake: [00:32:41] … which is one of the things we admire people who do it well. And if there’s risk, there’s got to be some return on the other end. So, you know, for companies that you’ve helped or have tried to help, you know, what is the carrot that makes it worth the risk of adopting or integrating humor into the culture?

Karyn Buxman: [00:33:00] God, that’s a great question. And I have identified 10 habits of high-performance humor. And one of those habits is risk management. And quite frankly, most of the listeners are in some form of risk management. And, you know, you want to look at, particularly, the seven building blocks that I spoke of and understand how to really embrace those and practice those so that you lower your risk. I think that if you really understand those seven building blocks, you embrace them, you practice them. I think you reduce your risk down to as low as 1 percent.

Karyn Buxman: [00:33:44] You know, there’s always going to be the oddball who comes in with their own agenda and their own backpack filled with all of their complaints and concerns. And it doesn’t matter how carefully you tiptoe, it doesn’t matter even if you’re not using humor, they’re going to find something to be offended about. So, the risks, I think, are worthy of noting and you really do need to include risk management. But in terms of benefits, it’s physiological, psychological, social, all of these things.

Karyn Buxman: [00:34:20] In terms of executives who are listening, I think one of the most exciting benefits that we’ve identified now is the cognitive capacity. The fact is that cognitive capacity, which is more or less a snapshot of your cognitive ability at any given time, we can increase cognitive capacity. And here’s how that works, humor is the connecting of two ideas that are not alike, that are disconnected. And when we connect those two disconnected dots, we create neuroplasticity.

Karyn Buxman: [00:35:06] We’re creating new pathways in our brain. And this creates a cascade effect. Because when we connect the disconnected dots and we create this neuroplasticity, which creates a higher level of cognitive ability, this, in turn, results in a higher level of problem-solving, which, in effect, allows an executive, particularly, your CEO level. They’re the visionaries. They’re the ones that need to have that cognitive capacity that is so high that they can forecast into the future.

Karyn Buxman: [00:35:44] When we did brain studies on people who were experiencing humor, one of the things that my colleague, Dr. Lee Berk, who is a leading researcher up in Loma Linda, discovered was that the brain pattern that we see is inclusive of gamma waves and the gamma wave pattern, which we’ve only been able to measure with digital technology, which has been created in the last decade or so. This is the same gamma wave pattern that we see in people who practice deep meditation and deep mindfulness. And people may say, “Well, so what?” Well, you know, who here couldn’t use more focus? Who couldn’t use a little more productivity? Who couldn’t use a little more creativity? Now, I know for people in accounting, you don’t want to get too wild and crazy for the creativity.

Mike Blake: [00:36:45] We could use more, believe me.

Karyn Buxman: [00:36:49] But these are the benefits cognitively. One of the things that you mentioned in the intro was this can be wearing and tearing on somebody, this field that you’re in. In terms of the financial world, whether it’s in accounting or financial management or whatever area that someone may be in, if they experience any kind of stress, what we have found is that short-term humor is an amazing coping ability. It’s a healthy coping mechanism.

Karyn Buxman: [00:37:22] And when practiced consistently and over time, we find that we can build resilience. And so, who in this field wouldn’t want to benefit from that? Socially, we benefit from bonding, whether that’s with our customer and our client or whether it’s our colleagues, our families, our friends. We find that it also is raising levels of emotion so that for people who are experiencing depression, we can move them up the emotional scale so that eventually they could achieve happiness, you know, at least for periods of time. Well, I think that’s very exciting. Who wouldn’t like a little more happiness? And then, of course, there’s all of the financial benefits that we can recognize.

Karyn Buxman: [00:38:11] Because in a sales process, you know, when we get people in a toward brain state, people make their purchases based on emotions. Logic tells that emotion sells. You can give them all sorts of data. But unless there is some kind of an emotional hook, they’re probably going to continue to shop around and get more information until they find that emotional hook to buy. And so, I would ask who’s in sales and maybe one or two people raise their hands. No, we’re all in sales. Whether you’re trying to sell an idea or sell a concept, sell your services, you know, negotiate a bedtime with a five-year old. Oh, my gosh. Five-year olds are like the most intense negotiators on the planet.

Mike Blake: [00:39:02] I think negotiating the Vietnam peace accord was easier than negotiating the typical bedtime with a five-year old.

Karyn Buxman: [00:39:08] Isn’t that the truth?

Mike Blake: [00:39:09] Henry Kissinger probably had a very hard time getting his kids to bed and that literally prepared him for Vietnam.

Karyn Buxman: [00:39:17] Isn’t that so? Isn’t that so? So, we’re all in sales, which is most people don’t realize it. And so, humor helps with that. You know, it helps with that. For those in positions of leadership, you know, when you read Cialdini’s book on influence and persuasion, you know, the number one influencer that he enlisted is likability. All things being equal, people would rather do business with someone that they find fun, that they find likable, that they find enjoyable. And so, these are some of the few reasons that people would want to start incorporating more humor into their work environment, into their corporate culture, because they’re going to find so many of these benefits come their way when they practice it intentionally and consistently. Those are two key factors that are really, really important to get the benefits.

Mike Blake: [00:40:23] So, good. So, let’s then drill down to the next step. I’m listening to this podcast and I decide that my company would benefit from having more humor integrated into its culture. At a high level, what are the steps to that look like?

Karyn Buxman: [00:40:44] I would encourage people first just to really assess where they are on the scale of both humor appreciation and humor application. I developed an assessment called the Humor Quotient, or HQ. We’ve heard of IQ, EQ, this is HQ. And I’ll give you the thumbnail version of this. And then, for people who would like to learn more about it, there is a download we can tell them about at the end of this conversation that we’re having.

Karyn Buxman: [00:41:22] And the humor quotient measures, again, your appreciation on a scale of one to 10, how easily can you find amusement that results in a smile, a laugh, or feelings of enjoyment. And then, on a scale of one to 10, how readily and how frequently do you apply humor toward a desired outcome intentionally and consistently over time? And we have, you know, a questionnaire that goes into a little more detail than that.

Karyn Buxman: [00:42:07] But first, just get a picture where you are and understand a little bit about that and where there are areas for improvement. I have found that one of the most important steps is the appreciation, because what I started out doing in this process was teaching people how to apply humor, realizing that they didn’t have an appreciation of humor enough to even understand and recognize where those opportunities were for the application.

Karyn Buxman: [00:42:42] And so, you know, I have a process that I take people through. But first of all, I would say manipulate your mindset. Ask yourself, you know, are you finding and experiencing the humor that surrounds you? Now, I’ll tell you, some people are thinking to themselves, “Well, she doesn’t understand. There’s nothing funny. In my life, there’s nothing funny about my work. You know, my family’s not funny, my coworkers aren’t funny. There’s nothing funny.”.

Karyn Buxman: [00:43:13] And I will tell you right now, if that is your belief, that is your reality. Because I’m going to tell you, there’s humor abundant around you the majority of the time. And again, this goes back to our brain process of recognizing it, because there’s a brain formation that’s about the size of your finger and it’s called the reticular activating system. And when you tell your brain that you want to be aware of something, this part of your brain is activated and it will start showing you more of that.

Karyn Buxman: [00:43:50] It’s like, you know, I bought a yellow car and then, you start looking out on the highway and all of a sudden, you see all these yellow cars and you think, “Oh, my gosh, where did these come from? I’ve never seen a yellow car out on the highway before.” But you’re your brain now is raising your awareness to be able to see those. So, start looking for the humor around you and you’re going to find it on a more regular basis. Manipulate your mindset.

Karyn Buxman: [00:44:15] Manipulate your environment is the second thing I would encourage people to do. And that is how can you increase the likelihood of experiencing more humor? What can you do to put in your environment so that you can have it readily available? Do you have humorous books or cues, that’s C-U-E-S, cues, which are a reminder of lightening up. My husband and I love Comic-Con. And anybody who’s ever watched Big Bang Theory would have heard of Comic-Con.

Karyn Buxman: [00:44:53] It’s this huge nerdy conference. 140,000 people over four days here in San Diego. And, you know, cosplay and all that other stuff. But we love that. It makes us smile. It makes us laugh. It makes us feel good. And so, around our house, we have little things from Comic-Con that when we see them, we feel better. How can you do that? You never have to be further than your phone to have humor at your disposal now, there’s apps, there’s websites, there’s social media.

Karyn Buxman: [00:45:24] I keep funny audio books. I bookmark funny videos. And as a last resort, here’s a humor hack. If you’re in a bad mood, you Google laughing babies. It’s like go to YouTube, laughing babies. If you can’t smile when you are watching laughing babies or at least internally have that feeling of amusement, then you need to call me. It’s like we need to work on this. This is an emergency situation. Because anybody with a healthy brain, because of your mirror neurons, you’re going to find some amusement in that and you’re going to feel better.

Karyn Buxman: [00:46:10] But manipulating your mindset and manipulating your environment, finding an accountability partner. I have a partner and every day, we have made a commitment to one another that we’re going to send something to one another. And here was the benefit that I didn’t anticipate, but now, I’m fully enjoying. Every morning, I spend 15 to 20 minutes looking for something that I know she will enjoy and that is appropriate for her.

Karyn Buxman: [00:46:40] But now, what I’m doing is I am starting my day framing it by looking for humor. Do you know how much that positively affects my mood and my outlook for the next part of my day? It’s been a wonderful benefit for me and I thought I was doing it for her. I still get the dopamine hit because I’m doing an act of kindness and paying it forward. But it’s really a double-benefit, I get to do something for her and for myself.

Karyn Buxman: [00:47:18] And I think the last thing that I would tell people, and there’s so much more but because of our time, I would tell them, become a student of humor. That’s another one of the humor habits, is become a student of humor. This is a new field. It’s an exploding field. Compared to other fields, it’s really still very young in its existence. And there are magazines. There are books. There are organizations.

Karyn Buxman: [00:47:46] There’s a nonprofit organization, I have no financial ties to this organization, but the organization is called the Association for Applied and Therapeutic Humor, aath.org. They have all different kinds of articles and resources on their website. I have lots of articles and resources and books and things that I would love to share with people. But find a resource that works for you and study this and then, practice it on a consistent basis. How does that sound? Does that resonate with you?

Mike Blake: [00:48:21] Yeah. And I love the part about, you know, becoming a student of humor. I think if you observe and surround yourself with humor, that’s how you can get good at it. And if you don’t have humor in your life, you don’t know what it looks like. And so, that makes perfect sense.

Karyn Buxman: [00:48:42] Exactly.

Mike Blake: [00:48:42] So, I want to be respectful of your time because you’re just starting your day out there in beautiful San Diego. If somebody wants to learn more about neurohumor and how to integrate it into their business strategically, how can they contact you?

Karyn Buxman: [00:48:58] I love connecting with people on social media, reach out to me on LinkedIn. I think that in the show notes, you may be including some of this. I love connecting with professionals and high performers on LinkedIn and the other areas of social media. My website is karynbuxman.com. But for those who would like to see a sample, this is like, again, a sneak peek of the book that will be coming out with ForbesBooks Fall 2020, the book, Funny Means Money, Strategic Humor for Influence and World Domination.

Karyn Buxman: [00:49:33] We have a download of that available. And that also includes a further description of the humor quotient, along with a lot of the other tools and things that we slightly touched on or didn’t even begin to touch on. And that can be found at the web domain, humorforme, the word humor, H-U-M-O-R-F-O-R-M-E, humorforme.com. And I would love for them to download that sample book, get more information and then, take it from there.

Mike Blake: [00:50:07] Well, good. Thank you so much. That’s going to wrap it up for today’s program. I’d like to thank Karyn Buxman so much for joining us and sharing her expertise with us today. We’ll be exploring a new topic each week. So, please tune in so that when you’re faced with your next executive decision, you have clear vision when making it. If you enjoy these podcasts, please consider leaving a review with your favorite podcast aggregator. It helps people find us so that we can help them. Once again, this is Mike Blake. Our sponsor is Brady Ware & Company. And this has been the Decision Vision podcast.

Tagged With: CPa, CPA firm, credibility, Dayton accounting, Dayton business advisory, Dayton CPA, Dayton CPA firm, Decision Vision, distance, humor, humor in business, humor quotient, humor-centric business culture, Karyn Buxman, laughing babies, laughter, Michael Blake, Mike Blake, neurohumor, neurohumorist, neuroplasticity, the power of laughter at work

Noelle Moretti and Jodi Ayala with Fidelity National Title and Don Hagan with RWM Home Loans E7

January 3, 2020 by Karen

Noelle Moretti and Jodi Ayala with Fidelity National Title and Don Hagan with RWM Home Loans E7
Phoenix Business Radio
Noelle Moretti and Jodi Ayala with Fidelity National Title and Don Hagan with RWM Home Loans E7
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Noelle Moretti and Jodi Ayala with Fidelity National Title and Don Hagan with RWM Home Loans E7

Noelle Moretti and Jodi Ayala with Fidelity National Title and Don Hagan with RWM Home Loans E7

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Through its nationwide network of direct operations and agents, Fidelity National Title provides title insurance, underwriting, escrow and closing services to residential, commercial and industrial clients, lenders, developers, attorneys, real estate professionals and consumers.

With a proud history of more than 150 years, Fidelity National Title Agency is one of the nation’s premier real estate service companies.

As a member of Fidelity National Financial’s family of companies, Fidelity National Title Agency is part of one of the largest title and escrow companies in the United States. We have the most substantial claims reserve in the industry. Let Fidelity show you why customers rely on us for the experience, service and financial strength they need for real estate transactions.

Fidelity National Title Agency is a national leader in title insurance and real estate services. At Fidelity, we offer a complete line of title and escrow services for both residential and commercial transactions as well as a variety of other related services such as Account Servicing, Builder Development, Construction Disbursements, Foreclosure and Multi-County Title.

At Fidelity National Title Agency we are committed to providing you exceptional service. Let Fidelity offer you the price, service, and reliability you expect from a leader in the title insurance industry. Though our nationwide network of offices you’re sure to find a Fidelity National Title Agency branch nearby for all your real estate transactions.

Noelle-Moretti-Fidelity-National-Title-on-Phoenix-Business-RadioX1Noelle Moretti is an Assistance Vice President, Sales Executive with Fidelity National Title and has a demonstrated history of working in the real estate industry. She is skilled in leadership, negotiation, sales, coaching, marketing and account management.

Noelle is a strong sales professional with a Bachelor of Science (B.S.) focused in Honors Business Management from Arizona State University, W.P. Carey School of Business. She specializes in working with residential realtors, investors, builders, developers, commercial brokers and lenders by helping connect them to strategic opportunities in the marketplace.

She is passionate about creating value and leverage for her team and clients.

Connect with Noelle on LinkedIn, Facebook and Instagram.

Jodi-Ayala-Fidelity-National-Title-on-Phoenix-Business-RadioXJodi Ayala was born and raised in Lincoln, Nebraska where she graduated from the University of Nebraska-Lincoln with a Bachelor of Arts degree. Jodi began her escrow career in 2004. She quickly became entrenched in the title and escrow industry.

Just thirty seven days into the industry, she was promoted from the receptionist position and became an Escrow Assistant. She has continued to adjust to our ever changing market. She specializes in residential transactions including investment, builder, construction, land, rental, multi-family, REO, short sales, first time home buyers, for sale by owners, refinance and traditional resale.

Jodi is currently an Assistance Vice President, Escrow Officer and Branch Manager at Fidelity National Title. She strives to build her clients and those around her in our ever changing market.

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RWM Home Loans is a San Diego based Mortgage Banker, doing business in 15 states, including Arizona. They are a direct lender. They are also an approved Seller/Servicer’s with Fannie Mae, Freddie Mac, and Ginnie Mae so they can offer very competitive pricing. Additionally, RWM has over 41 investor relationships with a wide variety of product offerings to give them added flexibility to broker out harder to place mortgage loans.

Don-Hagan-on-Phoenix-Business-RadioXDon Hagan has over 4 decades of experience in the mortgage industry. He has personally assisted over 3,000 families realize the American Dream as a Mortgage Loan Officer (MLO). He is a former SVP/Division Executive for JPMorgan Chase and until recently headed the Real Estate Lending Department of Desert Financial Federal Credit Union.

Don currently oversees the Arizona market as the Regional Manager for RWM Home Loans. Before moving into middle and senior management roles, Don has held every direct contributor position within the mortgage origination process. Don is passionate about helping individuals and families make one of the most significant investments of their lives. He has served twice as the State President of the Arizona Mortgage Lenders Association (AMLA), and he is an approved instructor for the National Loan Officer Licensing System (NMLS).

Don served as an industry representative on Governor Napolitano’s Arizona Home Preservation Committee helping Arizonians keep their home; and was part of the team to help implement the Safe Act requirements within Arizona’s Title 6 Banking Statutes.

When not working, Don loves spending time with Deb, his wife of 35 years, and their 4 kids. He enjoys backpacking and camping throughout Arizona, and volunteering his leadership skills at the Troop and District levels of the Grand Canyon Council of the Boy Scouts of America.

Follow RWM Home Loans on LinkedIn, Facebook, Twitter and Instagram.

About This Show LawgitimateLogo

Lawgitimate and its awesome guests highlight everyday financial topics including credit scores, debt management, small business, and real estate.

Lawgitimate’s goal is to raise awareness and provide the full perspective, including the legal lens attorneys use to address these complicated and fun topics.

About Your Host

RochellePoultonHeadshotRoundRochelle Poulton is an attorney and owner of AZCLG. Rochelle has been helping people with Credit and Debt issues since 2012, owns several small businesses, and has nearly 20 years of real estate experience.

Rochelle created Lawgitimate to bring in a network of awesome people to raise awareness and educate people about the litany of legal issues she faces everyday at AZCLG.

About AZCLG azclg-circle-web-transparent-bkgd1

The Arizona Credit Law Group, PLLC aka AZCLG is a consumer rights law firm in Tempe, AZ helping people with Credit Repair, Debt Settlement, and Bankruptcy.

We are small but mighty and love helping people get back on track financially. Learn more about us at azclg.com.

Tagged With: Construction, developer, development, fidelity phoenix, fix and flip, home loans in Phoenix, Innovation, investment, Investor, mortgage adviser, new development, Phoenix real estate collaborative, real estate, realtor, Residential, RWM Home Loans, strategic marketing, title and escrow, VA Home Loans in Arizona

Jeremy Neis with Retirement Evolutions Shatha Barbour with Hera Hub Phoenix and Karen Nowicki with Phoenix Business RadioX E3

December 27, 2019 by Karen

Jeremy Neis with Retirement Evolutions Shatha Barbour with Hera Hub Phoenix and Karen Nowicki with Phoenix Business RadioX E3
Phoenix Business Radio
Jeremy Neis with Retirement Evolutions Shatha Barbour with Hera Hub Phoenix and Karen Nowicki with Phoenix Business RadioX E3
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Jeremy Neis with Retirement Evolutions Shatha Barbour with Hera Hub Phoenix and Karen Nowicki with Phoenix Business RadioX E3

Retirement-Evolutions

Retirement Evolutions concentrates on “People Centered Wealth Management”. Finances are just one dynamic of wealth and so Retirement Evolutions is there to help guide you to “invest in what you value.” Many people value not creating messes for loved ones. Some people value the thought of a secure and comfortable retirement.

While other people value supporting organizations that are contributing to making the world a better place through impact / socially responsible investing and efficient philanthropy. Whatever you happen to value at this phase of life, Retirement Evolutions will help you create a comprehensive map that brings all the elements of your wealth into one clearly focused picture and help you take action toward your goals.

Jeremy-Neis-Retirement-EvolutionsJeremy Neis is an Investment Advisor with Retirement Evolutions and a small business operator fueled by the desire to enrich the life experience. He grew up in the Chicago area and chased the sun to get a degree at the University of Arizona in human and organizational communications. After doing so, he returned to Illinois where over the next 15 years he would find joy in co-launching and growing a technology solutions company and establishing a family.

In 2014 he returned to the desert to join his current venture. Jeremy is a proud contributor to the Conscious Capitalism movement as he views it as a powerful vehicle to bring about greater prosperity and reduced suffering for our human family.

Over his career he has had the privilege to work closely with hundreds of different enterprises across many markets and industries. A common theme emerges among those firms that he’s seen excel and that is to be great not just with what they are bringing to market, but also with the manner in which they are doing so.

Connect with Jeremy on LinkedIn and Twitter.

Hera Hub is a spa-inspired, shared workspace and business accelerator for business owners, entrepreneurs and professionals. This flexible work and meeting space provides a productive work environment with a mission to support women business owners, helping them to thrive! HHFullLogoMed

Hera Hub members have access to professional space to meet with clients, connect and collaborate with like-minded business owners, thus giving them the support they need to be prosperous. It is also a place to find additional resources, such as training, workshops, and one-on-one support essential for their business growth.

Hera Hub also offers an accelerator program with AHA to Exit to help all industries and stages of business grow and succeed, creating growth in our local economy!

shatha-barbour-on-Phoenix-Business-RadioXShatha Barbour is a passionate leader with a global vision! She has a diverse background with broad experience working in the healthcare and pharmaceutical industry to co-founding a nonprofit organization to being CEO of Hera Hub Phoenix. After receiving her degree in Healthcare Management & Policy from Univ of Michigan in 2002, Shatha worked with the senior executive team of a hospital undergoing a 5 yr turnaround plan.

From there, she moved on to work for Eli Lilly, a fortune 500 pharmaceutical company, where she covered roles from sales operations to global access strategy, improving the reach of medicine throughout the world among Lilly affiliates worldwide.

In 2010, Shatha Barbour moved to Phoenix and took a hiatus from her corporate background. She co-founded a non-profit educational organization called Good Tree Institute, that she actively participates in still. By 2014, Shatha realized she wanted to bridge these broad experiences, from her corporate background to her non-profit startup to pursue her passion: cultivating and empowering women to fulfill their goals and business ideas in a collaborative environment! Shatha started her journey of opening Hera Hub Phoenix in the fall of 2016.

After almost 2 years in the making, Hera Hub Phoenix opened its doors in April of 2018. Hera Hub Phoenix is designed as a beautiful landing space and launching pad for the women of Phoenix in all industries and backgrounds, yet not exclusive to just women. It has already become that space with many business owners, professionals, organizations, and companies using the space as a workspace and training center.

Her ultimate vision is to build bridges between communities, especially women business owners locally, nationally, and internationally! In her free time, you’ll find Shatha hiking, working and facilitation workshops with nonprofits, and spending quality time with her husband and three kids.

Connect with Shatha on LinkedIn and follow Hera Hub on Facebook and Instagram.

PhoenixMainHeaderLogoRev

Each week from the Phoenix Business RadioX® Studio inside MAC6 Workspace in Tempe, Arizona, business leaders and entrepreneurs get the word out about the great work they’re doing for their market, their community, and their profession.

Business RadioX® serves the Fortune 500,000, not just the Fortune 500, which means that small to medium businesses can have a media arm within their organization through their own radio show and podcast that shines a bright light on the relationships that matter the most to them.

Unlike paid media experiences that produce rehearsed sound bites and repetitive disingenuous messaging, Phoenix Business RadioX® helps their B2B clients reach their financial goals through authentic on-air conversations, increased visibility, and true leadership.

Phoenix Business RadioX prides itself on its relationships and partnerships with professional organizations including Local First Arizona, Conscious Capitalism Arizona, Tempe Chamber of Commerce, SciTech Institute and the Better Business Bureau.

KarenNowickiv2Karen Nowicki is a successful author, speaker and the creator of Deep Impact Leadership™ and SoulMarks Coaching™. She is a two-time recipient of the prestigious national Choice Award® for her book and personal development retreat. Karen was crowned the first-ever “Mompreneur of the Year” Award in 2010 for the southwestern states. She was recognized for her leadership, business acumen, and work-life balance.

Karen has been an expert guest on regional TV and radio shows, including Fox Phoenix Morning Show, Sonoran Living, Good Morning Arizona, The Chat Room, and Mid-Day Arizona. She has been a regular contributor to many print and online magazines – publishing articles and blogs for business and education.

In addition to working with private coaching clients, Karen is also the Owner & President of Phoenix Business RadioX. The Business RadioX Network amplifies the voice of business – serving the Fortune 500,000, not just the Fortune 500. Phoenix Business RadioX helps local businesses and professional associations get the word out about the important work they’re doing to serve their market, profession, and community.

Of all the experiences Karen has had the privilege of participating in over her vast career, she shares that Phoenix Business RadioX is a pinnacle adventure!

Connect with Karen on LinkedIn and follow Phoenix Business RadioX on Facebook and Instagram.

About the Show

Kelly Lorenzen started the “Collaborative Connections” show to bring her clients and favorite charities together to meet each other, connect and collaborate in life and business.  She hopes to build a stronger community one show at a time. KLM Consulting

About Our Sponsor

KLM Consulting is a business concierge and project management firm. They help small business owners and non-profits build, brand and brag about their businesses. 

About Your Host

Kelly-Lorenzen-on-Phoenix-Business-RadioXKelly Lorenzen, CEO of KLM Consulting, is an award-winning entrepreneur with over 15 years of business-ownership experience. She is also a certified project management professional.

Kelly’s expertise is in business development, customer service, marketing, and sales.

Connect with Kelly on LinkedIn, and follow KLM Consulting on Facebook.

 

Tagged With: deep impact leadership, Earned Media, Entrepreneurs, Leadership, Phoenix Business RadioX, smallbusiness, soulful self reliance

GWBC Radio: Nedra Dickson with Accenture and Nancy Williams with ASAP Solutions Group

December 19, 2019 by angishields

GWBC-Feature-12-19
Atlanta Business Radio
GWBC Radio: Nedra Dickson with Accenture and Nancy Williams with ASAP Solutions Group
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GWBC-Group-12-19

nedraheadshot2017Nedra Dickson, Managing Director, leads Accenture’s Global Supplier Diversity and Sustainability Programs across 18 countries.

A seasoned and awarded executive, Nedra possesses over 20 years of Technology Consulting, Operations Management, Procurement Sourcing and Category Management experience with Fortune 500 companies across multiple industries.  With strong expertise in Procurement transformation and Supplier Relationship Management, she has managed over $2B in contingent labor spend.

Within her current role, Nedra oversees Accenture’s procurement opportunities with diverse-owned businesses as supplier partners globally.   Under her exceptional leadership, Nedra has elevated Accenture’s Supplier Diversity spend to approximately $1 Billion globally.  Nedra is also credited for swiftly expanding Accenture’s award-winning and world-renown dedicated diverse supplier mentoring program – Diverse Supplier Development Program (DSDP).  This program represents customized curriculum set around helping to grow and develop diverse businesses, to support their successful integration into Accenture’s global supply chain.  This program is currently operating in six geographies (US, Canada, UK, South Africa, Brazil and India), with expansion considerations underway. 

Nedra’s leadership has led to global “Best in Class” recognition for Accenture’s Supplier Diversity Program.

Nedra holds several Board of Director positions within the Supplier Diversity Community.

  • Board member of Women Business Enterprise National Council (WBENC)
  • Board member of Georgia Minority Supplier Diversity Council (GMSDC)
  • Board member for Canadian Aboriginal Supplier Development Council (CAMSC)
  • Board member of Disability: IN
  • Board member of National LGBT Chamber of Commerce (NGLCC)
  • Founding Board Member of GSDA – Global Supplier Diversity Alliance

Nedra was recognized by Atlanta Business Chronicle as one of the Top Diversity and Inclusion Officers of Atlanta, Global Supplier Diversity Champion by NGLCC,  Georgia Top 25 Women in their Female Success Factor Series, WE magazine as one of America’s Top 100 Leaders in Corporate Supplier Diversity, Top 25 Women in Power Impacting Diversity, WBENC Corporate Mentor of the Yea, USAPCC- SE region Mentor of the Year and most recently as Top 30 Champions in Diversity

Nedra grew up in Arkansas and holds an MBA from University of Southern California, a BS degree from Florida State University and BA degree from California State University @ Northridge.

Connect with Nedra on LinkedIn and follow Accenture on LinkedIn, Twitter and Facebook.

NancyWilliamsHeadshotColorNancy Williams is a Technology Industry Executive with years of progressive experience in business development and large-scale account management with organizations such as IBM, Unisys and Comforce.  Skilled in Customer Relationship Management (CRM), Project Management Office (PMO), Recruiting, Technical Recruiting, and Change Management.  She is also a strong educated professional with a Bachelor of Business Administration (B.B.A.) focused in BBA, CIS from Georgia State University.

With a passion for entrepreneurship, Nancy leveraged her previous IT experience to partner with Roz Alford in 1995 as a Principal with ASAP Solutions Group, LLC. Under Nancy’s leadership, ASAP experienced significant growth, expansion and diversification.  She was very instrumental in launching branch offices in New Jersey/New York, Chicago, Dallas and Hyderabad, India and enabling ASAP to provide comprehensive Talent Management Solutions across 46 states and beyond.

As the current CEO, Nancy provides active hands-on leadership and direction to the company’s four business units of Staffing, Consulting, Workforce Compliance and Managed Services.  Nancy and her team work hard to ensure ASAP’s continued and sustained growth by developing and implementing business strategies that are customer-centric and addressing our clients’ most common and complex contingent workforce challenges.

Nancy has recently been named in the Staffing Industry Analysts 2018 Global Power 150 – Women in Staffing, a list of the 150 most influential women in North America, Europe and around the globe. Nancy was also named to the Staffing Industry Analysts 2018 Americas 100 list.

Nancy has also been recently become a member of the prominent International Women’s Forum.  The International Women’s Forum builds better global leadership across careers, continents and cultures by connecting the world’s most preeminent women of significant and diverse achievement.

Nancy has been inducted into the prestigious group of Women of Distinction.  This honorable group is comprised of WBE’s (Women Business Enterprises) that have given countless hours, held distinguished positions within the organization and support to the WBENC organization.  She is known as a thought leader and advisor within WBENC and the 14 Regional Partnership Organizations.

In addition to her leadership at ASAP, Nancy reaches out to the community through various avenues of professional and non-profit organizations.  She has been a Board Member with the C5 Youth Foundation of Georgia as well as an Executive Committee Officer for the Georgia Campaign for Adolescent Pregnancy Prevention (GCAPP). Nancy played a pivotal role in the establishment of a jobs program for youth supporting Partnership Against Domestic Violence (PADV). She actively participates in the promotion and growth of women-owned businesses.  She is a founding member of Women Impacting Public Policy (WIPP), a founding member of WeConnect (Certification of Women Business Across Many Countries Worldwide) and champions the cause of several organizations including: Women’s Business Enterprise National Council (WBENC), Technology Associations of Georgia (TAG), TechBridge and the Greater Women’s Business Council (GWBC). Nancy graduated from Georgia State University with a BBA in Computer Systems.

Follow ASAP Solutions on LinkedIn, Twitter and Facebook.

TRANSCRIPT

Intro: [00:00:02] Broadcasting live from the Business RadioX studios in Atlanta, Georgia, it’s time for Atlanta Business Radio, spotlighting the city’s best businesses and the people who lead them.

Lee Kantor: [00:00:17] Lee Kantor here with Roz Lewis. Another episode of GWBC Radio. And these are conversations to grow your business. And Roz, this month, we are going to be talking about the gift of innovation. It is gift-giving season. So, that makes perfect sense.

Roz Lewis: [00:00:33] It is. And, you know, there’s so many innovative ways to give gifts, right?

Lee Kantor: [00:00:37] Absolutely.

Roz Lewis: [00:00:38] So, yes, of course, for the retailers out there, we want you in the stores purchasing, but think of other ways of giving, too. You know, there are a lot of organizations that you can donate to for different causes. So, we encourage you to always give. And then, give to yourself. And that could be just the gift of time.

Lee Kantor: [00:01:00] So, who do you got with us today?

Roz Lewis: [00:01:03] Oh, we’re going to have an exciting show today, because this morning, we have our special guests. Nedra Dickson, who’s the managing director, who leads—you heard the word, leads, right?

Lee Kantor: [00:01:15] That’s important.

Roz Lewis: [00:01:15] … Accenture’s global supplier diversity and sustainability program and across 18 countries. So, she doesn’t know what timezone she’s in, right? And to think about that, when I’m talking to Nedra, I have to ask her, it’s better for me to text because I don’t know where she is in the world, kind of Carmen Sandiego. And then, we have Nancy Williams, who is the CEO of two companies. And what’s interesting about that, it is not in the same industry. So, she has a diverse portfolio covering all bases, whether staffing under her ASAP Solutions Group or under WeFresh, which I consider to be revolutionary. It’s a revolutionary product that we all need to know about and request and promote.

Lee Kantor: [00:02:11] And we’ll learn more about that.

Roz Lewis: [00:02:12] Yes. So, it’s very exciting to have these two powerhouses with us this morning.

Lee Kantor: [00:02:19] So, who do you want to kick it off with?

Roz Lewis: [00:02:21] Well, let’s go ahead and kick it off and start it with Nedra, you know.

Lee Kantor: [00:02:24] Alright.

Roz Lewis: [00:02:25] And find out a little bit more about the role that Accenture plays. And basically, how does it impact the inclusion of diverse suppliers?

Nedra Dickson: [00:02:35] Awesome. Well, thank you, Roz. Thank you, everyone. This is so exciting to be here. I’m excited to be in Atlanta. As Roz says, I’m having a global role.

Lee Kantor: [00:02:46] Is this your favorite timezone?

Nedra Dickson: [00:02:48] This is my favorite time zone because I am home. So, I would just like to also say what Roz said, this is the time of giving. And it is important that we give self-care, but that we just be kind to each other. And I think that’s really important. So, with that, I think I have one of the coolest jobs ever. I get to travel the world and help small, medium businesses work with such large, complex organizations as Accenture.

Nedra Dickson: [00:03:21] In doing that, they get to give back to the economy. We get to help build communities. It is so important that people understand what small, medium businesses. And as we’re going to talk about today, what women-owned businesses can do. September, Accenture, we have our very first female CEO, Julie Sweet. And I am excited to see her vision, because it’s in our DNA that we not only talk about helping diverse businesses and especially women-owned businesses, we do it.

Nedra Dickson: [00:03:59] And today, we want to talk about how we do that, how we’re leveraging innovation and especially the great things that we’re gonna be doing with Nancy and her two companies. So, I think it’s really important what GWBC is doing here, leveraging our partnership, because collaboration is so important. And that’s what we’re going to be talking about. So, as Accenture being one of the largest technology consulting firms with 492,000 employees globally. That’s just a little that we have here. I think it’s-

Roz Lewis: [00:04:38] Small company.

Nedra Dickson: [00:04:38] Just a small company. But understanding how important this is in our DNA. So, I think that’s something that we’ll get a chance to talk about today, Roz.

Lee Kantor: [00:04:47] Now, why is it important for Accenture to spend time with these small and mid-sized businesses when, you know, a lot of your work is around these large enterprise?

Nedra Dickson: [00:05:01] Well, I think it’s important for several different reasons. We pride ourselves on having a diverse workforce. So, by 2025, Accenture has committed to having 50 percent women, 50 percent men in that large workforce number. We want our supply chain to reflect that as well. And having our supply chain to reflect that, we need to find those diverse-owned businesses. But if you can think about and take you a few years back, doing work with small-owned and diverse businesses was the right thing to do. Now, it makes business sense. We-

Lee Kantor: [00:05:40] Can you speak about that? Because that’s a big thing. A lot of small companies think, “Oh, the big guys, they’re out there doing their thing and, you know, there’s no financial reason to be working with us.” But there really is a financial reason for the larger enterprise companies to work with the small and mid-sized company.

Nedra Dickson: [00:05:58] It absolutely is. For one, the small businesses are going to be more niche. They’re going to be more nimble. They’re able to staff up quickly. They’re able to do things on a faster pace than some-

Lee Kantor: [00:06:14] Right.

Nedra Dickson: [00:06:14] … of us larger corporations. But keep in mind, a lot of these businesses have corporate backgrounds.

Lee Kantor: [00:06:20] Right.

Nedra Dickson: [00:06:21] So, they’re very smart in what they do. And I think that’s the other thing. Just because they’re small doesn’t mean they don’t have the knowledge.

Lee Kantor: [00:06:29] Right. And they’re not making an impact.

Nedra Dickson: [00:06:30] And they’re making an impact.

Lee Kantor: [00:06:31] Right.

Nedra Dickson: [00:06:32] The other thing that I want everyone to understand, and especially what ASAP has been able to do and GWBC, is create that economic development. They’re giving back to communities. They’re employing many different people in building that economic side that we so need in this economy. So, that is so important on why we must leverage diverse-owned businesses.

Lee Kantor: [00:07:01] No. Go ahead. Now, for you, when you’re working with a small, like what advice would you give to the small company that wants to work with a large enterprise like an Accenture? You know, sometimes, that’s intimidating. It’s a complex, like a small business, typically, you’re talking to the owner. So, they’re like, “Yeah, sounds good. Then, we’ll do it. And then, they do it. That’s what you talked about being agile and nimble, right? They can make a decision quickly. They don’t have to go through politics or bureaucracy or anything like that. When the small person is doing work with the large company, they may not understand the complexity and the bureaucracy and the way that they’ve got to get champions and they got to get, you know, six different levels, have to approve what to them seems like a simple decision.

Nedra Dickson: [00:07:45] Oh, wow. That is such the number one question.

Lee Kantor: [00:07:50] Unless I missed that.

Nedra Dickson: [00:07:50] No.

Lee Kantor: [00:07:50] Is that not how it is?

Nedra Dickson: [00:07:51] That is exactly how it is. And I have one word that I love to say and I say it and Nancy and Roz hear me say it all the time, you must do your homework. You must do your homework in order to work with such a large corporation. Because not only Accenture, but there other corporations that are willing to work with these diverse businesses.

Lee Kantor: [00:08:14] And not only willing, they want to, they’re hungry to.

Nedra Dickson: [00:08:17] And they do.

Lee Kantor: [00:08:17] Right.

Nedra Dickson: [00:08:18] I think leveraging so much information is on our website. And if you just take five minutes and go out to our website, there’s very detailed information of what we’re doing, whether it’s around augmented reality, if it’s in block chain, if it’s in robotics. There is detailed information on how we’re leveraging those technologies to our clients. So, if you want to work with an Accenture, do your homework and see if your business can fit into one of those examples. And those success stories of what we’ve done with our clients can do that.

Nedra Dickson: [00:09:00] But I think you touched on something really important. It is a lot of politics. We are large. We do have to have risk. We do have to have background checks. We do have to work with our legal to make sure that all of those things are checked off. So, I think it is so important for a small business to leverage the expertise of a GWBC, to know that they can help them navigate that complexity before coming to myself or to an Accenture. And I can’t wait for you to hear of how Nancy and WeFresh has been able to leverage some of that. Because I think what WeFresh has done so well is they’ve done their homework. They’ve been there. They’ve put their ear to the ground to understand what Accenture is doing and how they can collaborate with WeFresh.

Lee Kantor: [00:09:49] Now, you mentioned like new cutting edge technologies, like AR, AI, and things like that. If I have a business that’s playing in that space and I’m like, “You know what, this sounds like something that Accenture might be interested in.” Like if I’m a woman on business, I go through the GWBC, join that, be active there and then, make an introduction that way, do you think that that would accelerate me getting to somebody at Accenture or can I just look under Accenture and say who’s in that space and just make a phone call and say, “Hey, I got something that you might be interested in.”

Nedra Dickson: [00:10:26] 492,000 people, that’s not gonna happen. I think the very first one. I think going through GWBC and understanding, being certified there. And I work very closely with Roz, so she gets an understanding of what we’re doing in this space. And I think it’s really important for those women-owned businesses to leverage the knowledge and the platform that GWBC has built. And Roz can text me, as she says. And I know that if Ross texted me and say, “I need you to meet with this woman-owned business”, that she has vetted that company.

Lee Kantor: [00:11:06] Right.

Nedra Dickson: [00:11:07] And that she understands that they have, you know, space or this technology that we can leverage and that we can help them potentially grow their business. So, it’s not only just working with Accenture, but we have the knowledge to help you grow your business through our mentoring program. And I know we’ll talk a little later about that as well, but I think leveraging GWBC is the very first step to that.

Lee Kantor: [00:11:33] And that might be counter-intuitive for the small business person. It’s like, “I’m going to go right to the source. I’m not going to-“, like it may seem like that that’s tangential, but it might be more direct by going through Roz and her team at GWBC to get access to you. That actually might be the faster way to get traction.

Nedra Dickson: [00:11:52] That is the fastest way.

Roz Lewis: [00:11:54] That is.

Nedra Dickson: [00:11:54] And that is.

Roz Lewis: [00:11:55] Yeah. Because when you think about it, you know, that’s the reason that organizations like GWBC exist and WBENC exist, the national organization, is for us to be that central repository of identifying, vetting-

Lee Kantor: [00:12:10] Right.

Roz Lewis: [00:12:10] … you know, competitive women businesses. And I use that word, competitive, because at the end of the day, that is what companies are looking for. They’re looking at how can these companies help them expand their market share and how can they continue to help them to grow? You know, partner is a very strong word in corporate language. And so, when you do that, then it is saying you are aligned with their core values.

Lee Kantor: [00:12:39] Right.

Roz Lewis: [00:12:40] You’re aligned with their business plan. You understand what those needs are. And, you know, a company like ASAP Solutions Group and now, WeFresh, you know, do have that type of acumen to say, “I am willing to partner.” And then, that T-word, trust.

Lee Kantor: [00:12:59] Right.

Roz Lewis: [00:12:59] So, Accenture has to trust who these companies are that they are going to be able to deliver on that product or service.

Lee Kantor: [00:13:06] And like you said, they’re demonstrating the trust by being active at GWBC and behaving as a leader and getting involved and not just writing a check and saying, “Hey, I’m a member and then, hook me up.” It’s being there, volunteering, doing that kind of work that proves that they’re worthy of you making that introduction.

Roz Lewis: [00:13:26] Yeah. And Nedra mentioned homework, right? Doing your homework. It goes beyond that, too. So, it is also not just doing your homework, but clearly understanding, is this the right customer fit for where I am in my business?

Lee Kantor: [00:13:44] Today. Today.

Roz Lewis: [00:13:44] Right.

Nedra Dickson: [00:13:45] Today.

Roz Lewis: [00:13:46] Today.

Lee Kantor: [00:13:46] Pardon me.

Roz Lewis: [00:13:46] You know, maybe later, you can always future state, but from a current state standpoint, are they the right customer that I’m going to be able to engage and grow my business? So, we do encourage people to come to our organization and network, because it’s built on our work relationships.

Lee Kantor: [00:14:05] Sure.

Roz Lewis: [00:14:06] Relationship is the key unless you’re the only one in the world to provide that product or service.

Lee Kantor: [00:14:11] Yeah.

Roz Lewis: [00:14:11] You have competition. And so, how do you build that relationship, ensuring that you are the right fit? And I’m gonna say it, Nedra doesn’t have to say it or Nancy doesn’t have to say it, it could take two to three years. So, there are very few Cinderella stories-

Lee Kantor: [00:14:28] Right.

Roz Lewis: [00:14:29] … that occur.

Lee Kantor: [00:14:29] It’s not an ATM machine, you put your card and the money come, right?

Nedra Dickson: [00:14:32] Exactly.

Roz Lewis: [00:14:32] Not today.

Lee Kantor: [00:14:35] And then, you talked earlier about mentoring. How does that come into play?

Roz Lewis: [00:14:40] Well, the mentoring is an opportunity for you to be able to ensure that you have all the checkpoints that are on the decision matrix of these companies, because that’s something that they’re going to understand your financials to understand even the HR in your company, what’s your delivery, what your customer service is, how you are aligning with that. And not that I think I understand all of this, am I proficient in it? And do I have a track record demonstrating the fact that I am ready? Keep in mind that, you know, especially payment terms, right? Their payment terms are more than likely 60 to 90, 60 means 90, 90 means 120. And unless you have the cash flow to manage that-

Lee Kantor: [00:15:29] Right.

Roz Lewis: [00:15:29] … then you’re not ready at their level. You may be ready at another level in the supply chain, but not necessarily at that level.

Lee Kantor: [00:15:38] Right.

Roz Lewis: [00:15:38] And that’s part of the mentoring, showing up to make sure that you have now the tools and resources to be able to be competitive in the marketplace.

Lee Kantor: [00:15:49] And as you mentioned, it’s more complex than maybe the small person understands or small business owner understands. They might think that this is a big pot of gold, that all they have to do is show how great they are, then they get access to this.

Roz Lewis: [00:16:02] And I’m still looking for that pot of gold. So-

Lee Kantor: [00:16:04] But even if they were the right fit, everything was right, if they can’t handle not being paid for 60, 90 days, then it doesn’t matter how good the service or product is, it’s not the right fit. They’re not ready yet.

Roz Lewis: [00:16:16] Well, no, they aren’t. However, there are other resources that are out there that may be able. You know-

Lee Kantor: [00:16:23] There have to be a bridge.

Roz Lewis: [00:16:23] … we’re talking about innovation today, right?

Lee Kantor: [00:16:24] Right.

Roz Lewis: [00:16:25] So, you’ve got to be innovative. You’re going to have to be creative. If you have the product or service that that corporation needs or want and they’re willing to take that risk, how do you help mitigate that risk on your end?

Lee Kantor: [00:16:40] Right.

Roz Lewis: [00:16:41] Right? Of being able to make sure you do have the funds that you need in order to be able to deliver on that product or service. Because you can’t come to and then, say, “You know, I need that check right now.”

Lee Kantor: [00:16:53] Right. And also, it’s not their problem. It’s your problem. And that’s where GWBC has resources maybe that help them mitigate that and help them get the finances they need to make this relationship work.

Roz Lewis: [00:17:05] Well, I always say, put on sunglasses when you see that shiny object.

Lee Kantor: [00:17:10] Good stuff. So, do you want to bring Nancy on?

Roz Lewis: [00:17:12] Absolutely. And I think Nancy is a perfect example of how do you build a relationship with a company like Accenture. And so, Nancy, kind of walk us through, you know, one, how long have you been doing business, you know, with Accenture? And what do you see as your growth that has taken place over the years?

Nancy Williams: [00:17:35] Well, first of all, thank you so much for having me be part of this wonderful panel. Gosh, I’m sitting across one of my favorite persons in the world, two actually, and one of my favorite clients, and that is Accenture. And as many of you have seen us at the conferences and so forth and have heard me say, I owe a lot to Accenture back when I became a business partner with my then partner for ASAP Solutions Group. There were two companies, really, two companies that believed in us. One was BellSouth/AT&T. The other was Andersen Consulting, which was Accenture. And I have worked with them before forming the alliance. So, it’s been about 25 years that I have-

Roz Lewis: [00:18:26] 25 years?

Nancy Williams: [00:18:26] You know, I still feel I’m in my 20s.

Roz Lewis: [00:18:31] Okay.

Nancy Williams: [00:18:31] So, I started with them-

Roz Lewis: [00:18:33] We know. It’s relative.

Nancy Williams: [00:18:33] You know that commercial, where, “When did you know? About 10 years ago when you’re only six years old today?” So, yeah. So, we both have seen each other grow. And the one thing about Accenture that I love, and I love this with all of our clients, is can you sit down across, take a problem, and really noodle on the solution that’s going to drive the innovation, solve the issues and problems that collectively, as a team, you’re both facing?

Nancy Williams: [00:19:01] And that continues to be our relationship with Accenture. I can’t say anything else. I mean, it’s just huge. But it’s taken a long time. You don’t get trust immediately by walking in the door. You know, it takes years to gain the trust. It takes you years for, you know, them to say, “You’re my fixer. You fix my problems.” And that, I get called that, I’m the fixer. It sounds like something like, you know, the annihilator or something, you know. I’m like, oh my God.

Roz Lewis: [00:19:39] The closer.

Nedra Dickson: [00:19:40] The closer.

Nancy Williams: [00:19:40] I mean, you know, closer. You know, the fixer. But that’s really, you know, what it’s about and so forth. And really, how WeFresh came about was really through Nedra and her team in London and so forth. And, you know, I believe, you know, to be in the game, you got to show up, right? And so, one of the conferences was actually at NMSDC in Orlando, the minority business conference. And we were invited to sit at her table for the gala.

Nancy Williams: [00:20:09] And she had had one of her mentor proteges over. And his name is Byron Dixon and owns the formula and so forth called Micro-Fresh. And, oh, by the way, what’s really cool, he’s also an officer of the British Empire, so it’s kind of like a James Bond kind of thing or a knighthood, which I just love saying. So, anyway, he was telling me about this product. I was like, “Oh, wow. That’s really great. I’m glad that, you know, you hooked in with Nedra. You know, she’s a rockstar and she’s gonna be able to help you.”.

Nancy Williams: [00:20:39] And about a month or two later, Nedra does that email to me, “Hey, got a second? I need to talk to you about something.” I’m like, “Oh, my God. What happened?” You know, I’m getting the call. And we’ve all been there. And she said, “Look”, she said, “I want you to think about something. It has nothing to do with ASAP. It has to do with, you know, the guy you met, Byron.” I’m like, “Yeah.” She goes, “He wants to come to North America and he needs a partner. And I can’t think of anybody better than you and James”, who’s my COO and actually my husband, too, “to partner with him.”.

Nancy Williams: [00:21:15] And so, you know, through that advice, we started the talks. And it took literally two-and-a-half years to form the relationship, because we had to make sure, number one, core values were right, our vision was right, that, you know, what was he expecting? What was the entry point into this marketplace? Because my other company is professional services and staffing on that technology, accounting, finance, and so forth, both staffing, solutions-based, payrolling, employer record, SOW, statement of work, and managed services. Okay. Now, I got this product that I’m pitching, right? Then, oh, wow. It gets deployed and totally different but kind of same audience.

Nancy Williams: [00:22:07] And so, it’s been a very interesting journey and learning in what we’re doing. We’re now getting the traction. And it’s been a couple years of saying the same thing over and over and over. And I do want to say, just because you know somebody, it doesn’t mean you get into the door. I mean, one of the meetings that I was so excited about with Byron is it’s a company that is in healthcare. And literally, we know their executives. We know their officers. We know the people. And it’s taken over two years to get this meeting. And so, you know, you just got to keep plugging, you know, at it.

Lee Kantor: [00:22:49] Now, Nedra, what made you think of Nancy? Like because she wasn’t in this industry at all. There was nothing in her background that said, “Hey, she can do this”, like, I mean, she was doing something totally unrelated, but you connected dots.

Nedra Dickson: [00:23:04] I think it was a no brainer. And I say that-

Lee Kantor: [00:23:09] It was a no brainer. So, it was obvious to you?

Nedra Dickson: [00:23:11] It was obvious to me.

Lee Kantor: [00:23:11] But it wasn’t obvious to her. She met the guy.

Nedra Dickson: [00:23:13] And it was obvious to me because you look for those partners that can take an idea that might not be in their wheelhouse, but that they are willing to work and find an innovative solution on that.

Lee Kantor: [00:23:30] Right.

Nedra Dickson: [00:23:30] And Nancy had proven even with ASAP Solutions, because we’ve thrown many things at them, what’s come into the business, what’s come from our clients and say, “Figure this out.” And she goes, “You know what, I’m gonna figure this out.” I don’t know what goes behind the scenes.

Lee Kantor: [00:23:47] Right.

Nedra Dickson: [00:23:47] I’m sure there’s some things I don’t want to know, but what she did was she said okay. She was very honest to say, “If I can’t do it”. But the fact that she was open and willing to do it was the reason that I went to her, because I’m like, “I think what he was doing is amazing. And I think this could be on the brink of something else. So, who’s willing or crazy enough to take a problem, and find a solution”, as she said. Two years later, there was not a time frame put on this.

Lee Kantor: [00:24:22] Right.

Nedra Dickson: [00:24:22] We didn’t know what it was going to be. And that’s what large organizations look for. We look for someone who’s not wanting the easy way, the easy path. I’ve been with Accenture 18 years and there’s no such thing as an easy path. And so, what ASAP Solutions was able to do was to take this, she took it a step further. She not only met with them, made sure, as she said, everything checked out with the core values.

Nedra Dickson: [00:24:51] But she created a name and came up with it. So, that’s innovation. And I think what’s so important today with the GWBC, with the corporation and with the women-owned business, we all have to pivot and you have to pivot using that innovation. And that’s exactly what WeFresh did. So, what do I want to do? I want to learn more about all these things she’s been doing, so I can bring this into my supply chain.

Lee Kantor: [00:25:17] Right. But the innovation part, I mean, you were the genesis of the innovation because you didn’t see what was, you saw what could be. And that is where innovation lives, you know, in that space of what could be. And I think that’s the lesson for a lot of the business owners, is that just because it looks like something, it may be more than that if you kind of open your mind to that. And there’s some things that GWBC with the corporates and with your mentorship and all the programs that help that business owner kind of expand their vision and think larger than maybe that they are thinking that there are a lot of opportunity and possibilities out there.

Roz Lewis: [00:25:58] And that’s the beauty of networking. You know, I was just at an event two days ago in Charlotte with a group of women businesses and literally talking about that. I had a woman on business with one product and she literally—I was on the phone on the way up to shout out with her for over an hour. I was thinking about different ways of how she could promote this new product. One, I tell her she need to get an intellectual property attorney.

Lee Kantor: [00:26:24] Right.

Roz Lewis: [00:26:25] Because the idea she had-

Lee Kantor: [00:26:27] Was a good one.

Roz Lewis: [00:26:27] … although she was sharing with me, was a very good one.

Lee Kantor: [00:26:30] Right.

Roz Lewis: [00:26:30] And I’m like, “I’m glad you’re trusting of me that I’m not going to this attorney about this.” But once she was in that room, she was also able to meet with other women businesses who gave her ideas without her sharing the trade secret on the product of how they could help her. And you’re absolutely right. That’s the reason that organizations like Accenture and other corporate members who get it and understand the value that our women businesses and diverse suppliers bring to the table, because they do their-

Roz Lewis: [00:27:04] You know, Accenture has this competitive agility that they talk about. And how is that impacted by diverse suppliers? And do diverse suppliers even understand it? And how important that is, is a very key component of them making a difference within those different type of organizations. So, I think what you’re talking about is really key. And what we’re talking about today, hopefully, is generating some thought starters for others to say, “How can I creatively make an impact on what’s happening for the future?”

Lee Kantor: [00:27:44] Now, Nancy, with WeFresh, how has Accenture helped? Kind of now that you are in this business, have they helped in any way to help, you know, kind of get it off the ground and launch?

Nancy Williams: [00:27:55] Yeah. You know, Accenture is a wonderful thought leadership partner, meaning that we collaborate a great deal about, you know, their clients, the issues that their clients are facing that they’re trying to solve. And really, when you look at, you know, a client, you want to be everything to that client. I always say you want to own the relationship, not just in the world that you’re helping a system in, but you want to be looked at as a trusted advisor and trusted partner.

Nancy Williams: [00:28:26] So, in positioning our company, both on the ASAP upside as well as the WeFresh side with their client teams, their managing directors, the operating groups, CEOs, who we know very, very well that we’ve known them for, you know, 20-plus years, because we all started from nothing. And now, they’re running the company. And basically, having them say, “Hey, you know, you’re a consumer products company and you’ve got this, we’ve got a partner that has a side business that is really innovative.”.

Nancy Williams: [00:29:04] Because WeFresh, really one of the biggest advantages to it is prohibiting bacterial growth while promoting freshness. And this makes it very unique. And can be deployed pretty much into everything. And so, it’s a differentiator that’s going to drive revenue. And therefore, when we’re driving revenue, guess what they need? They need consulting, they need technology services, they need a lot of different, you know, expertises as that client’s revenue grows that they can end up assisting them with.

Lee Kantor: [00:29:43] So, it’s creating kind of these win-win situations-

Nancy Williams: [00:29:46] Absolutely

Lee Kantor: [00:29:46] … at every turn.

Nancy Williams: [00:29:47] Absolutely.

Lee Kantor: [00:29:48] And then, kind of looking at the relationships through the lens of generosity of, “Hey, we need help, we can work together”, rather than, “Hey, I’m thinking like it’s scarcity where I can’t share anything.”

Nancy Williams: [00:30:01] Yeah, I don’t think you ever look at relationships as in, you know, “I want to keep the pie myself.” I believe that you look at it as in, “I want the multi-tier wedding cake and I’m okay being on a flower on that wedding cake, because it has a lot of substance to it.”

Lee Kantor: [00:30:19] I know, but that’s a mental shift. Not all business people believe that, right?

Nancy Williams: [00:30:23] Well, I would say something about the elephant and the ant, but I’m not going to go there.

Lee Kantor: [00:30:31] So, now, tell us about WeFresh, where you’re at right now in the kind of the growth of the company.

Nancy Williams: [00:30:37] Yeah. Well, you know, it’s amazing. I couldn’t ask for a better business partner over in the UK with Byron. I mean, he’s just spectacular. And we’re doing some innovative things. One thing is I just got off of the call with another company. And basically, they have micro capsules, in which they infuse fragrances in these micro capsules and within the product of WeFresh, right? So, you combine WeFresh with this ingredient.

Nancy Williams: [00:31:13] Not only is the article, if you look at textiles, like clothing and sheets and pillows and mattresses, and shoes, okay? When they put it on, it immediately releases a scent, a fragrance to it. So, combining the two, I don’t believe it exists today. And this was just thrown at us yesterday, but I’m already thinking, “Wow, how nice would that be”, to, you know, put on a garment or crawl into your sheet.

Nancy Williams: [00:31:48] And as soon as you hit the sheet, maybe you have a smell of lavender or as a kid putting on their shoes, their favorite fragrance is strawberry. Guess what? They have a strawberry scent and they feel happy, you know, because scents make us feel happy. And knowing that I’m wearing a product that, oh, my gosh, isn’t going to smell because it prohibits the growth of bacteria, we’re going to be happy people as we’re walking down that street or as we’re climbing into that bed at night.

Lee Kantor: [00:32:20] So, now, is the challenge just getting out there and letting these companies know this exists? Are you kind of in education stage right now?

Nancy Williams: [00:32:27] It’s been an interesting journey. And I really think it’s going to be a grassroots-type program in talking to corporations that we all buy the products from or services, you know, from hotels to retail centers to athletic wear, to cars, to airplanes, right? To cruise lines. You know, they’re like, “Oh, it’s a very interesting product, but it’s going to add costs to me.” But the public isn’t demanding that they want a fresher world.

Lee Kantor: [00:33:01] Right.

Nancy Williams: [00:33:01] Right? And it kind of gets kind of gross, but when you think about our phones, there was just a whole series that it’s 800 times dirtier than our toilet. I want you to think about that. 800 times dirtier. Now, this was deployed into your smartphones or to your accessories and everything, you wouldn’t have to worry about who touches that phone, right? And you wouldn’t have to worry about what bacteria is there. Think about when you go to a hotel, you put your head on that pillow. Have you ever really thought who’s had their head on the pillow?

Lee Kantor: [00:33:38] Yeah, all the time.

Nedra Dickson: [00:33:39] Yeah.

Nancy Williams: [00:33:39] All the time, right? And I tell you what it’s done for me is it makes me start thinking and realizing. You know, I used to think it was crazy when I saw people bring in their own pillows, right? Now, I get it, you know. So, that’s what, you know, we’re seeing and we’re very close on—first of all, Micro-Fresh is a multi-million dollar company outside of the US. They’re very well-known.

Nancy Williams: [00:34:06] And in fact, like in shoes, when they do the back to school program, every single parent looks for that label because they want their kids to have these shoes. So, it’s big. So, we’re very close on signing an international airline deal, a luxury car brand, very, very high end luxury, shoe inserts, too. So, you know, we’re slowly getting it out there and so forth in several bids, what I call RFPs right now, in which we’re collaborating, which is kind of really cool with another diverse company, right?

Nancy Williams: [00:34:46] So, we met a man at a minority conference and started talking to him and we’re like, “Hmm. Could you make this? Could you make that?” “We think we could.” “Well, why don’t we see if you can? Let’s do a prototype. And this is what we need. Go and do it and send it to us.” So, we just signed an NDA yesterday, we’re going to be with them. So, I mean, it’s all about connections. It’s all about splitting the pie.

Lee Kantor: [00:35:12] Right.

Nancy Williams: [00:35:12] I could have said, “No, I want to be the one that manufactures this”, right? “And private label it”, correct? Or I could partner in and have a size and ability. You know, your team should be made up of experts in all the areas that you’re trying to drive as a business, bottom line. And there are people that can do that better than me. And why wouldn’t I want to partner with them? I’m okay sharing. I mean, you know what, a little bit of something is better than a whole lot of nothing, as we say. In green is green people. I’m just gonna tell you, green is green.

Nedra Dickson: [00:35:52] So, I think that makes you understand why it was a no brainer for me-

Lee Kantor: [00:35:56] Right.

Nedra Dickson: [00:35:56] … to think about immediately contacting Nancy. It’s because that’s her thought process, is that this is not, you know, where my wheelhouse, but I’m willing to share for the bigger pie, right?

Lee Kantor: [00:36:13] Right.

Nedra Dickson: [00:36:13] And I think that is what has made ASAP solutions and WeFresh stand out from a lot of the other women-owned businesses.

Lee Kantor: [00:36:21] So, they’re in the minority of that thought process, do you find that if more companies thought like she did, then there would be more successful companies?

Nedra Dickson: [00:36:33] Yes. There’s only one Nancy, right?

Lee Kantor: [00:36:34] Right. But just that mindset of-

Nedra Dickson: [00:36:38] But I do think that mindset—I think a couple of things that Nancy said were key, is that this is a grassroots. So, she recognized that she has something that’s innovative, but that she’s got to take the right time, the right approach to get to the right clients. She didn’t just want to say, “Okay, here it is, now, go out and let’s do it.” So, I think if more, you know, businesses, diverse businesses took that approach to not only see, here’s an opportunity to be innovative, but then, let me really think about what’s the right way of putting this product out there so that it’s a product that she trusts. She has her name behind this product. She wants to make sure that it’s the right place and the right product. If more businesses took that thought process and then, just instead of getting a contract-

Lee Kantor: [00:37:30] Right.

Nedra Dickson: [00:37:30] … then there would be more success stories as WeFresh.

Lee Kantor: [00:37:33] So, being more selective, where then, at first, people think they have to just take anything just to get going, maybe be more selective so that it is the right match. So, like you said, you’re targeting some of these higher end services and products and companies. So, you get one of those on board, the rest of them are going to—if they’re on board, then it’s going to be kind of easier to get the rest.

Nedra Dickson: [00:37:55] Yeah. And she knew she can deliver.

Lee Kantor: [00:37:57] Right.

Nedra Dickson: [00:37:57] And that’s the other thing. If she’s going to go after a very high luxury brand, she better deliver. And that’s where, you know, the double decade that we’ve been working with ASAP Solutions and WeFresh, is the fact that we understand that she’s not only talking what she can do, she’s delivering what she says.

Lee Kantor: [00:38:20] Right. So, now, Roz, when you’re working with—now, you’re seeing the whole kind of the 360 of the the work that you do right here in this room. Now, how do you decide which corporates to invite to the party and which small businesses like get access? Like what’s your process?

Roz Lewis: [00:38:40] Well, a lot of what we do is just create the environment, right? The opportunity, whether it’s through one of our networking events, one of our expos, even, you know, education program of bringing the corporations. First of all, the corporations have to have within their DNA their willingness to support diverse suppliers, because of all-

Lee Kantor: [00:39:07] And not just talk about it, but actually-

Roz Lewis: [00:39:09] And not just lip service.

Lee Kantor: [00:39:10] Right.

Roz Lewis: [00:39:10] Literally walk the talk, you know, like Accenture. And I will say the corporations that are members of GWBC do or of WBENC, you know, or NMSDC, it’s important that they walk the talk. Now, you’ve got to have the representatives who are the liaisons that meet with these suppliers. Also-

Lee Kantor: [00:39:30] So, the leaders in the organizations have to be the right pick, too.

Roz Lewis: [00:39:32] Exactly. And understanding that this is a business imperative, is about economic impact. You know, because when you think about it, these are the suppliers that support the communities that support and buy your product or service.

Lee Kantor: [00:39:46] Right. And every big company started as a small company.

Nedra Dickson: [00:39:48] Exactly.

Roz Lewis: [00:39:49] All of them started as a small company.

Lee Kantor: [00:39:52] Right.

Roz Lewis: [00:39:53] Right? So, you want to make sure that they are to the table. There’s enough corporations—right now, there’s over 350 major corporations, Fortune 50, Fortune 100 that are members of WBENC. There are a lot of corporations within our region. Of course, we will gladly add more, as long as they’re coming with the right intent. And that is how do we support? And that support can be, first, by educating our diverse suppliers, because the companies procure differently, you know.

Lee Kantor: [00:40:25] Right. And the homework that you have to do for each one is different, it’s not the same homework.

Roz Lewis: [00:40:28] The homework, yes. Right. And you got to make sure that they buy your widget, right?

Lee Kantor: [00:40:33] Right.

Roz Lewis: [00:40:34] That, you know, don’t go after them when they don’t buy your widget. So, that is one of the areas. Now, as we’re re-purposing our mission, and that is to develop more scalable women businesses. That’s really our goal. We’re celebrating 20 years next year. So, one of the things we want to make sure of is that we are relevant and sustainable. And how do we make sure that we create the resources for those women businesses to be scalable? And that’s not everyone, you know.

Lee Kantor: [00:41:11] Right.

Roz Lewis: [00:41:11] So, it is literally a targeted group. Believe it or not, right now, with our women businesses, over half of them are over a million dollars of our 1,000 certified women businesses in our region today, which is interesting, as opposed to be less than a million dollars. So, those that are the WBEs that corporations are looking for and willing to invest. Nedra invest a lot of time and representatives like her, who understand strategic sourcing, who understand business development, also invest a lot of time in bringing those suppliers to the table. So, if you are not ready to play in the major leagues, then work on getting ready-

Lee Kantor: [00:42:03] Right.

Roz Lewis: [00:42:03] … to play in the major leagues. And from a business planning standpoint, look at how you can grow within the supply chain in order to be able to do that, not just going after these majors. Because at the end of the day, you are also a consumer of which the quality of product or service that is being provided to you, you want to make sure it is exactly meeting your expectations.

Lee Kantor: [00:42:27] Right. And then, everybody has to protect the brand. Accenture has to protect the brand, right? They can’t afford to make a misstep. That’s why it’s hard to work with them in terms of you have to go through a lot of hoops and be vetted multiple times by multiple people to make sure that you are who you say you are.

Roz Lewis: [00:42:45] And, you know, small businesses and women businesses, minority businesses, they need to clearly understand they need to protect their brand. So, how you develop those core values, those tools, and resources in order to protect your brand, making sure that when you’re even aligning with a large organization, you know, it’s a two-way street.

Lee Kantor: [00:43:08] Right. Absolutely.

Roz Lewis: [00:43:08] You know, it’s not about just Accenture, you know-

Lee Kantor: [00:43:11] And it is not charity.

Roz Lewis: [00:43:13] Is at all.

Nedra Dickson: [00:43:14] It’s not a charity.

Lee Kantor: [00:43:14] This is not a charity.

Nedra Dickson: [00:43:16] It’s not charity at all.

Lee Kantor: [00:43:16] There is an ROI involved. And that’s got to work for everybody.

Roz Lewis: [00:43:20] Well, mentoring, you know, partner with someone. There’s enough opportunity to partner that will help you grow. And that expands your network, that expands your ability to learn without having too much of a negative impact.

Lee Kantor: [00:43:36] Right.

Roz Lewis: [00:43:37] Because if you do not do a good job, it doesn’t take but a nanosecond for that reputation to spread.

Lee Kantor: [00:43:45] That’s right. And people talk.

Roz Lewis: [00:43:47] And it’s very difficult.

Nedra Dickson: [00:43:48] People talk.

Roz Lewis: [00:43:49] Very difficult to recuperate from that.

Lee Kantor: [00:43:52] Yeah, it’s hard to recover from a bad first impression. So, now, Nancy, any lessons for the business people out there that are maybe at the beginning of their journey that, you know, this is a dream to have partners like you have and have opportunities like have come your way. What advice would you give this small woman-owned business that’s out there that’s just starting out?

Nancy Williams: [00:44:15] Yeah. And I always tell everyone, every client that we deal with, we always have something very much in common. We started from zero. Every single company started from zero. And don’t ever forget that. And don’t ever forget to be humble about that and be thankful to the above, you know, to the Lord above. When I look at, you know, what’s the biggest thing—and people always tease me, say, you know, you’re always selling, you’re always on. And, you know, I guess I am always on because I’m very, very passionate about what we do and what we’re representing in our clients. I believe that it’s my job with a client truly to help them achieve business. Because if they achieve business, you know, they’re going to feel loyal to me.

Lee Kantor: [00:45:11] Right.

Nancy Williams: [00:45:12] So, you know, if you’re starting from zero, you’re just starting a company, first of all, you got to get in the game. You got to get involved with GWBC and WBENC. You know, when WBENC was formed back in the late ’90s, you know, things come your way. And BellSouth at the time said to me, “Hey, you know, we need you to get certified.” “Oh, Okay.” I can’t tell-

Lee Kantor: [00:45:38] Did you even know about that?

Nancy Williams: [00:45:40] No. And I learned it. I will tell you, I learned it about 1995 when BellSouth, we were one of eight preferred partners. It was us, it was Andersen Consulting, it was BearingPoint, IBM and then, like four other, you know, smaller companies. And they said, “We need to have a conversation with you.” And over lunch, they said, “We need you to go and help us find minority businesses and women businesses.” I looked at him and said, “Huh?” And they said, “We don’t think we can talk to anybody else. And can you help us do it?” And the company I was with at the time, I had just won this major deal and with BellSouth and they didn’t want to support it. I’m like, “Are you crazy? That thing is over 100 million, how could you not want to support this?” So, you know what, again, I thought, “How can I skin this cat?” So, I called my competitors. And I said, “Look, I’m forming-”

Lee Kantor: [00:46:41] And you gave them a gift.

Nancy Williams: [00:46:42] I said, “I’m forming an alliance. I’m only gonna choose three. And I wanna make sure we can have fun that you will love my clients as much as I love them. And, you know, we’re gonna have a fair playing field.” And because I’ve won them, I was able to go to London and recruit people to put on projects, actually, that Accenture ended up doing. So, BellSouth said, “Hey, you know, get certified”, which I did. We were already doing business.

Nancy Williams: [00:47:11] And then, they said, “Hey, we want you to go represent us on the National Women’s Leadership Forum.” Well, I showed up. I was like, “Oh, my God, this is so powerful.” And through that, I became, through several years, a board member, part of the executive team, and the chair of the National Women’s Leadership Forum for WBENC. And people always go, “Well, how did you do it?” I said, “Because I got involved, I got passionate.”.

Lee Kantor: [00:47:35] And you said yes.

Nancy Williams: [00:47:37] And I said yes.

Lee Kantor: [00:47:40] Say yes a lot. That helps.

Nancy Williams: [00:47:40] And I said, yes. And the first thing I will always tell people is I’m not really sure how we can get this completed, but let me take a look at it. If we can’t, I won’t take you down this road, because number one, you’re dealing with people’s careers. You’re dealing with their own internal brand, right? So, you don’t want to sit there and risk someone’s careers. I mean, one of the executives at BellSouth one time said to me, “You know, you could sold us probably 300, 400 million dollars of stuff. Why didn’t you?” I said, “Because I didn’t want to fail. And I didn’t ever want to jeopardize your trust because you trusted me. And I also want to make sure I wake up every day and be okay and put my head down knowing I did a great job. And my team has those, you know, leads with integrity and just wants the best for our clients and all of our professionals across the US and world.

Lee Kantor: [00:48:43] Yeah. That’s a great lesson to kind of look at the relationship more like a true relationship and not a transaction. This isn’t-

Nancy Williams: [00:48:52] Absolutely.

Lee Kantor: [00:48:52] … something that I’m going to provide a service and that, you know, I hope it works. You know, you’re really watching their back and you’re trying to protect them from themselves in some ways that they know-

Nancy Williams: [00:49:02] Exactly.

Lee Kantor: [00:49:02] … where the problems are. You’re the expert, so they’re trusting you-

Nancy Williams: [00:49:05] Exactly.

Lee Kantor: [00:49:05] … that you know where the landmines are and you’re going to keep them out of trouble.

Nancy Williams: [00:49:09] And saying no doesn’t mean that they’re not going to give you business, it means it gives them pause. “Well, why would you tell me no?” “Well, this is what I’m worried about.” “Well, maybe if we did this, would you feel more comfortable?” I can’t tell you how many times I’ve had someone say that to me and to say, hey, you know, when you’re starting out, quite honestly, you’re funding it by however ways you can. And then, when you get to a size, you go after lines of credit, right? And everything. And, you know, that’s a different story on that.

Lee Kantor: [00:49:42] We’ll do another show on that.

Nancy Williams: [00:49:45] Right. That’s a totally different-

Lee Kantor: [00:49:45] That’s another episode.

Nancy Williams: [00:49:46] But, you know, at the end of the day, it doesn’t mean if you’ve got a relationship and the client says, “Are you sure you can do this?” And you say yes. And they keep asking you and you continue to say yes. And then, guess what, they give it to you. And then, “Uh-oh, I can’t do it.” You know, they’re like, “Why didn’t you tell me that”, you know. And then, it hurts all of us. It hurts all of us when we don’t lead with trust, we don’t lead with integrity, we don’t lead with honesty, okay?

Nancy Williams: [00:50:19] And it’s one of those that it’s like we’ve talked about partnering, you know? Hmm, maybe you could partner, right? And do it together. Own the voice together, own the client relationship together, and stop being—you know, I’m from the south, you know. Hogs, you know, get slaughtered, pigs get killed, right? So, don’t be a hog, be a pig, right? At the end of the day. And I mean, people look at me weird when I say that, but what it means is don’t think that—you know, again, would you rather have, you know, the pie or would you rather have the multi-tiered wedding cake that has a huge ability to provide you more opportunity?

Lee Kantor: [00:51:07] Well, Roz, you said earlier, trust is really at the heart of all of this and that innovation, in order to be able to think in those terms and think innovatively in terms of helping others and really serving them in multiple levels and helping them, so everybody gets what they need. That’s really at the heart of this.

Roz Lewis: [00:51:27] It is. And, you know, that’s one of the things Accenture does very well, especially in the program. You know, bar none, they have one of the best mentoring programs and we touched on it a little bit, but I really want Nedra to kind of expand on that a little bit more about how innovative they are with that. You had to think of their clients, right? So, they literally try and prepare these suppliers as well to be ready to support whatever initiatives there are, you know. And yes, Nancy is somewhat an anomaly, right? So, yes, of how she operates. But it-

Lee Kantor: [00:52:05] But that’s a role model. I mean, we all-

Roz Lewis: [00:52:07] But I was going to say, exactly. She is the role model for people to emulate and understand that if she can do it, so can you.

Lee Kantor: [00:52:15] But those are the behaviors and the mindset you have to have in order to kind of play at this level.

Nedra Dickson: [00:52:19] Absolutely.

Roz Lewis: [00:52:20] But you’re gonna have to deliver on what you say.

Lee Kantor: [00:52:22] Right. So, now, Nedra, you want to talk about the mentoring and how that’s kind of part of the DNA of the organization, right?

Nedra Dickson: [00:52:30] Absolutely. And Nancy’s a graduate of our very first class. So, what we call our DSDPs or our Diverse Supplier Development Program, which we’re running in five geographies now, in USP and the most mature. So this 18-month program partners diverse suppliers with two Accenture executives. And in this program, we give you symposiums that help you grow your business. So, an example of that could be how to hire and retain the top talent, how to gain capital, how to do sales effectiveness. And each year, depending on the business, the agenda is going to change. So, as you can imagine, five years ago, no one was talking about cyber security-

Lee Kantor: [00:53:19] Sure.

Nedra Dickson: [00:53:19] … or social media and how to use that. So, we’re now really telling you on how you can do this and make your business grow. What we’ve been able to do, as Roz say, to be innovative is Accenture invested in innovation hubs around the globe. And we have a fantastic one here in Atlanta-

Roz Lewis: [00:53:40] Yes.

Nedra Dickson: [00:53:40] … in my hometown here, loving it. And what we’ve done is we’ve taken these diverse suppliers to our innovation hubs around the US, around the world for them to see how they can leverage innovation and technology into their companies. So, everyone’s talking about block chain. Everyone’s talking about AI. Everyone’s talking about robotics. What does that mean? How do you leverage that? And I think that’s the challenge that we find with small businesses. How do you leverage that to help your business grow? How do you leverage that to help your clients?

Nedra Dickson: [00:54:18] So, that’s what our mentoring program does, is to take you and to partner around to look at your business plan. Look at your mobility app, is it resonating with your client base? Can we find out what WeFresh is about on that website? This program really is to help you grow your business, but we also bring our clients in. So, we bring our clients in for them to not only see how we’re helping businesses grow, but to give them an insight to some of these diverse suppliers that we’re having as well. So, what I might not be able to do work with you at that time, because being in our program, you’re not guaranteed to do work with Accenture, however, I’m going to bring some clients in to where you might be able to do work with them.

Lee Kantor: [00:55:10] Now, for you, what’s the most rewarding part of the job?

Nedra Dickson: [00:55:13] Oh, so much. I get to see innovative solutions that start at a business table at a dinner, you know, now take off, to see what a supplier can do and watch them hire a high school, you know, senior, to watch them train an intern in their business and give back to the community. I get to do that around the world. That is so amazing to see a small business have an idea and to be able to help them grow that idea, then to be able to take that idea, incorporate it into our supply chain. And then, take that into our supply chain and give it to our clients. I don’t know if there’s any better job around there. And I get paid to do this.

Lee Kantor: [00:56:05] And the impact you’re having, not only to all the people that are benefiting from it, but grilling down to the family that it’s impacting and the communities that are impacting around the world because of that is, I mean, that’s amazing.

Nedra Dickson: [00:56:19] Absolutely. Small, medium, diverse businesses are a necessity to have the economic impact of growth that we want to do. And I just ask everyone, too, for those small businesses that have the idea and you want to work with a large corporation, I mean, I call it persistent patience. And I think that’s exactly what Nancy had, is, as she said, it’s taken years to develop this. And I always say leverage the organizations as a GWBC and a WBENC and NMSDC that can really help you chart that path in working with large corporations.

Lee Kantor: [00:57:01] And it’s like you said, do the homework and see how all of the people connect and see what that spider web looks like and where you can kind of jump on board and so, you can get access to the people you need to to grow.

Nedra Dickson: [00:57:12] It is. And I think one other important thing is for those companies that’s been in business. So, small businesses that’s been there for 10 and 15 years, what worked five years ago-

Lee Kantor: [00:57:23] May not be.

Nedra Dickson: [00:57:24] … may not work now.

Lee Kantor: [00:57:26] Exactly.

Nedra Dickson: [00:57:26] And this is where, again, I think Nancy has really set the bar high. She pivoted. She’s like, “Okay, I’ve done well here, but I might need to pivot my business-

Lee Kantor: [00:57:37] Right.

Nedra Dickson: [00:57:37] … if I’m going to continue my partnership with some of my clients.” Accenture does it. Other corporations do it.

Lee Kantor: [00:57:44] Right.

Nedra Dickson: [00:57:44] So, small businesses have to do that as well.

Lee Kantor: [00:57:47] Good stuff. Well, Roz, are there any events happening at GWBC that we should know about, anything upcoming?

Roz Lewis: [00:57:52] Well, what we want you to do is stay tuned for our 2020 calendar. That’s coming up. We also changed our URL. So, we are now gwbc.org. And we encourage you to visit our website and look at what’s on the horizon of events. We’re kind of retooling how we engage our women businesses and corporate members and actually expanding that. So, you’re going to see some increased opportunities in order to match your product or service with that of that corporate member. And I want to say one more. We’ve been talking about corporate, you know, buying. Also, think about supporting each other. Diverse suppliers need to support each other. You need to walk the talk-

Lee Kantor: [00:58:46] Right.

Roz Lewis: [00:58:46] … as well. And that is another opportunity to start building relationship who could become a partner or a supplier or customer, you know, of your business. So, you really want to do that. But one thing I want to say, you know, I really appreciate Nancy and Nedra sharing this information today, especially this was the gift of-

Lee Kantor: [00:59:11] That’s right.

Roz Lewis: [00:59:11] … innovation, of giving. And this is on the Accenture website, I encourage you to go there because of the information that they have. But I do want to share this, because this is where the future is for 2020, the focus of design and transitioning is going to be from me to we, that’s W-E. Design will shift to cast this net beyond the end user alone, pivoting from user-centered design to design for all life. But most importantly, those brands with a long-term, forward-looking view that care for the planet and people and the causes that matter to them will emerge as winners. And those are my parting thoughts.

Lee Kantor: [01:00:02] That’s good stuff, Roz.

Nedra Dickson: [01:00:03] Good stuff.

Roz Lewis: [01:00:03] And happy holidays.

Nedra Dickson: [01:00:05] All right.

Lee Kantor: [01:00:05] All right. Before we wrap, I want to make sure Nancy, the websites for your firm if people want to get a hold of you.

Nancy Williams: [01:00:11] Yeah. For WeFresh, it’s www.mywefresh.com. And ASAP is www.myasap.com.

Lee Kantor: [01:00:19] And Nedra?

Nedra Dickson: [01:00:22] Mine is accenture.com, A-C-C-E-N-T-U-R-E-.com. And if you go on, you can search on supplier inclusion and that will tell you all about what we’re doing with our diverse businesses and how you can learn more about our mentoring program. And Roz, one more time for the new URL.

Roz Lewis: [01:00:42] Yes. And please visit our website at gwbc.org.

Lee Kantor: [01:00:48] And then, if you go there, you could see all of the past episodes of this show there at the top on the little radio tower the guys got there.

Roz Lewis: [01:00:56] Absolutely.

Lee Kantor: [01:00:58] All right. Well, thank you all for sharing your story today. And thank you, Roz, for putting this great conversation for growing your business in the books once again.

Roz Lewis: [01:01:07] Thank you, Lee and Stone.

Lee Kantor: [01:01:09] All right.

Roz Lewis: [01:01:10] Happy holidays.

Lee Kantor: [01:01:10] This is Lee Kantor for Roz Lewis. We will see you all next time on GWBC Radio.

 

About Your Host

Roz-Lewis-GWBCRoz Lewis is President & CEO – Greater Women’s Business Council (GWBC®), a regional partner organization of the Women’s Business Enterprise National Council (WBENC) and a member of the WBENC Board of Directors.

Previous career roles at Delta Air Lines included Flight Attendant, In-Flight Supervisor and Program Manager, Corporate Supplier Diversity.

During her career she has received numerous awards and accolades. Most notable: Atlanta Business Chronicle’s 2018 Diversity & Inclusion award; 2017 inducted into the WBE Hall of Fame by the American Institute of Diversity and Commerce and 2010 – Women Out Front Award from Georgia Tech University.

She has written and been featured in articles on GWBC® and supplier diversity for Forbes Magazine SE, Minority Business Enterprise, The Atlanta Tribune, WE- USA, Minorities and Women in Business magazines. Her quotes are published in The Girls Guide to Building a Million Dollar Business book by Susan Wilson Solovic and Guide Coaching by Ellen M. Dotts, Monique A. Honaman and Stacy L. Sollenberger. Recently, she appeared on Atlanta Business Chronicle’s BIZ on 11Alive, WXIA to talk about the importance of mentoring for women.

In 2010, Lewis was invited to the White House for Council on Women and Girls Entrepreneur Conference for the announcement of the Small Business Administration (SBA) new Women Owned Small Business Rule approved by Congress. In 2014, she was invited to the White House to participate in sessions on small business priorities and the Affordable Care Act.

Roz Lewis received her BS degree from Florida International University, Miami, FL and has the following training/certifications: Certified Purchasing Managers (CPM); Certified Professional in Supplier Diversity (CPSD), Institute for Supply Management (ISM)of Supplier Diversity and Procurement: Diversity Leadership Academy of Atlanta (DLAA), Negotiations, Supply Management Strategies and Analytical Purchasing.

Connect with Roz on LinkedIn.

About GWBC

The Greater Women’s Business Council (GWBC®) is at the forefront of redefining women business enterprises (WBEs). An increasing focus on supplier diversity means major corporations are viewing our WBEs as innovative, flexible and competitive solutions. The number of women-owned businesses is rising to reflect an increasingly diverse consumer base of women making a majority of buying decision for herself, her family and her business. GWBC-Logo

GWBC® has partnered with dozens of major companies who are committed to providing a sustainable foundation through our guiding principles to bring education, training and the standardization of national certification to women businesses in Georgia, North Carolina and South Carolina.

To Your Health With Dr. Jim Morrow: Episode 23, Childhood Asthma

December 18, 2019 by John Ray

childhood asthma Dr. Jim Morrow
North Fulton Studio
To Your Health With Dr. Jim Morrow: Episode 23, Childhood Asthma
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Dr. Jim Morrow

To Your Health With Dr. Jim Morrow:  Episode 23, Childhood Asthma

On this edition of “To Your Health with Dr. Jim Morrow,” Dr. Morrow childhood asthma: the symptoms to look for, the testing necessary for diagnosis, and prevention of environmental allergies which can cause this ailment. “To Your Health” is brought to you by Morrow Family Medicine, which brings the CARE  back to healthcare.

About Morrow Family Medicine and Dr. Jim Morrow

Morrow Family Medicine is an award-winning, state-of-the-art family practice with offices in Cumming and Milton, Georgia. The practice combines healthcare information technology with old-fashioned care to provide the type of care that many are in search of today. Two physicians, three physician assistants and two nurse practitioners are supported by a knowledgeable and friendly staff to make your visit to Morrow Family Medicine one that will remind you of the way healthcare should be.  At Morrow Family Medicine, we like to say we are “bringing the care back to healthcare!”  Morrow Family Medicine has been named the “Best of Forsyth” in Family Medicine in all five years of the award, is a three-time consecutive winner of the “Best of North Atlanta” by readers of Appen Media, and the 2019 winner of “Best of Life” in North Fulton County.

Dr. Jim Morrow, Morrow Family Medicine, and Host of “To Your Health With Dr. Jim Morrow”

childhood asthma Dr. Jim MorrowDr. Jim Morrow is the founder and CEO of Morrow Family Medicine. He has been a trailblazer and evangelist in the area of healthcare information technology, was named Physician IT Leader of the Year by HIMSS, a HIMSS Davies Award Winner, the Cumming-Forsyth Chamber of Commerce Steve Bloom Award Winner as Entrepreneur of the Year and he received a Phoenix Award as Community Leader of the Year from the Metro Atlanta Chamber of Commerce.  He is married to Peggie Morrow and together they founded the Forsyth BYOT Benefit, a charity in Forsyth County to support students in need of technology and devices. They have two Goldendoodles, a gaggle of grandchildren and enjoy life on and around Lake Lanier.

Facebook: https://www.facebook.com/MorrowFamMed/

LinkedIn: https://www.linkedin.com/company/7788088/admin/

Twitter: https://twitter.com/toyourhealthMD

The complete show archive of “To Your Health with Dr. Jim Morrow” addresses a wide range of health and wellness topics, and can be found at www.toyourhealthradio.com.

Dr. Morrow’s Show Notes

What is Childhood Asthma?

  • Asthma is a chronic disease that affects your airways.
    • Your airways are tubes that carry air in and out of your lungs. If you have asthma, the inside walls of your airways become sore and swollen.
    • In the United States, about 20 million people have asthma.
      • Nearly 9 million of them are children.
      • Children have smaller airways than adults, which makes asthma especially serious for them.
      • Children with asthma may experience wheezing, coughing, chest tightness, and trouble breathing, especially early in the morning or at night.
      • Many things can cause asthma, including
        • Allergens – mold, pollen, animals
        • Irritants – cigarette smoke, air pollution
        • Weather – cold air, changes in weather
        • Exercise
        • Infections – flu, common cold
      • When asthma symptoms become worse than usual, it is called an asthma attack.
      • Asthma is treated with two kinds of medicines:
        • quick-relief medicines to stop asthma symptoms and
        • long-term control medicines to prevent symptoms.

Symptoms of Childhood Asthma

  • Diagnosing asthma in children can be difficult.
    • Many children will go symptom-free for long periods of time before having an asthma attack.
    • The symptoms of asthma can be confused with those of other respiratory diseases.
    • And depending on your child’s age, it may be difficult for him or her to explain his or her symptoms.
  • Children with asthma may show the same symptoms as adults with asthma,
    • coughing,
    • wheezing and shortness of breath.
    • In some children, chronic cough may be the only symptom.
  • If your child has one or more of these common symptoms, make an appointment with an allergist / immunologist:
    • Coughing that is constant or made worse by viral infections, happens while your child is asleep or is triggered by exercise or cold air
    • Wheezing or whistling sound when your child exhales
    • Shortness of breath or rapid breathing, which may be associated with exercise
    • Chest tightness (a young child may say that his chest “hurts” or “feels funny”)
    • Fatigue (your child slows down or stops playing)
    • Problems feeding or grunting during feeding (infants)
    • Avoiding sports or social activities
    • Problems sleeping due to coughing or difficulty breathing
  • Asthma symptoms or flare-ups are most commonly caused by allergies.
    • Exposure to dust mites,
    • dander from dogs or cats,
    • pollen and other environmental allergens can trigger an asthma attack.
    • In some children, asthma can be caused by non-allergic triggers such as
      • cold air,
      • pollution or
    • Patterns in asthma symptoms are important and can help your doctor make a diagnosis.
      • Pay attention to when symptoms occur:
        • At night or early morning
        • During or after exercise
        • During certain seasons
        • After laughing or crying
        • When exposed to common asthma triggers

Diagnosing Asthma

  • It is often difficult, especially in young children, to be entirely certain that asthma is the diagnosis. After a careful physical examination, your pediatrician will need to ask you specific questions about your child’s health.
    • The information you give your pediatrician will help determine if your child has asthma.
    • Your pediatrician will need information about
      • Your child’s symptoms, such as wheezing, coughing, and shortness of breath
      • What triggers the symptoms or when the symptoms get worse
      • Medications that were tried and if they helped
      • Any family history of allergies or asthma
    • It is very important that your pediatrician test your child’s airway function.
      • Spirometry is the most common lung function test done.
      • It measures how much air is moved in and out of the lungs and how fast the air moves.
      • To get the best results, your child will be asked to follow very specific instructions.
      • Most children can do spirometry by age 6, though some preschoolers are able to perform the test at a younger age.
      • Your child will be asked to wear a nose clip to keep him or her from breathing through his or her nose during the test.
        • Your child will then be asked to take in a deep breath and to blow the air out into a mouthpiece that is connected to a computer.
        • The computer measures how much and how fast the air is blown out.
        • Your child will repeat the test at least two times to get their best, most consistent result.
        • This test can take up to 30 minutes to complete.
      • One of the tests measured during spirometry is your child’s peak flow.
        • The peak flow requires your child to blow out as hard and as fast as they can.
        • Sometimes it takes several visits to the office or lab to practice the test before your child can complete the test.
          • Coughing during the test is to be expected.
          • Tell your child that they may rest between blowing into the machine, in order to catch his or her breath.
          • Sometimes this test is repeated after your child inhales medication.
          • This test is called a post- bronchodilator or bronchodilator response test.
        • How can I help to make the breathing test less stressful for my child and me?
          • Be patient with your child during the test.
          • Explain to your child that the test does not hurt.
          • Explain to your child that the breathing test is being done to find out how to make their breathing better.
          • Schedule the test at a time of day that your child is usually not tired or hungry.
          • The staff will explain the test to you and your child. If you or your child does not understand, ask the staff to repeat the instructions.
          • If your child has a cold, sinus infection, or other reason that makes them unable to take the test, let your provider and the office or lab know as soon as possible. They can decide whether the test should be performed or rescheduled.
        • Some children do not find relief from their symptoms even after using medications.
          • If that is your child, your pediatrician may want to test your child for other conditions that can make asthma worse.
          • These conditions include
            • allergic rhinitis (hayfever),
            • sinusitis (sinus infection), and
            • gastroesophageal reflux disease (the process that causes heartburn).
          • It is important to remember that asthma is a complicated disease to diagnose, and the results of airway function testing may be normal even if your child has asthma.
            • Also keep in mind that not all children with repeated episodes of wheezing have asthma.
            • Some children are born with small lungs, and their air passages may get blocked by infections.
            • As their lungs grow they no longer wheeze after an infection. This type of wheezing usually occurs in children without a family history of asthma and in children whose mothers smoked during pregnancy.

Preventing Environmental Allergies and Asthma

  • Dust Mites
    • Since some airborne substances may trigger allergy or asthma symptoms, reducing contact with these substances early in life may delay or prevent allergy or asthma symptoms.
    • Research for this is clearest with dust mites.
    • If your child is at high risk of developing allergies, there are steps you can take to control dust mites.
      • Use zippered, “allergen-impermeable” covers on pillows and mattresses and wash bedding in hot water weekly.
      • Indoor humidity should be kept below 50%.
        • Mold in homes is often due to excessive moisture indoors, which can result from water damage due to flooding, leaky roofs, leaking pipes, or excessive humidity.
        • Repair any sources of water leakage.
        • Control indoor humidity by using exhaust fans in the bathrooms and kitchen, and adding a dehumidifier in areas with naturally high humidity.
        • Clean existing mold contamination with detergent and water.
        • Sometimes porous materials such as wallboards with mold contamination have to be replaced.
      • If possible, carpets and upholstered furniture should be removed from your infant’s bedroom.
    • Pets and Other Animals
      • The relationship between early life exposure to animals and the development of allergies and asthma is somewhat confusing and there are many factors to consider.
      • Previous evidence suggested that children exposed to animals early in life are more likely to develop allergies and asthma.
        • More recent research seems to show that early exposure to animals (cats and dogs in particular) may actually protect children from developing these diseases.
        • Newer research also suggests children raised on farms develop fewer allergies and asthma.
      • Tobacco Smoke
        • It is very important not to expose your children to tobacco smoke before or after birth.
        • Smoking during pregnancy increases the chance of your child wheezing during infancy.
        • Exposing children to secondhand smoke has also been shown to increase the development of asthma and other chronic respiratory illnesses.

When is Asthma an Emergency?

  • As a parent of a child with asthma, you want to avoid the emergency room (ER) as much as possible.
    • But it’s also important to know when going to the ER is the right choice.
  • Sometimes, kids with asthma need medical care very quickly.
    • If any of these symptoms happen, see your doctor immediately, go to the ER, or call an ambulance:
      • Your child has constant wheezing.
      • Your child uses quick-relief medicines (also called rescue or fast-acting medicines) repeatedly for severe flare-up symptoms that don’t go away after 15–20 minutes or return again quickly.
      • Your child has a lasting cough that doesn’t respond to inhaled quick-relief medicine.
      • There are changes in your child’s color, like bluish or gray lips and fingernails.
      • Your child has trouble talking and can’t speak in full sentences.
      • The areas below the ribs, between the ribs, and in the neck visibly pull in during inhalation (called retractions).

In Summary

  • Asthma is a chronic illness, but it doesn’t have to be a progressively debilitating disease.
  • An accurate diagnosis and an asthma action plan could mean the difference between your child sitting on the sidelines or fully participating in activities with family and friends. You, your child and your allergist / immunologist can work together to ensure that asthma doesn’t take control of your child’s quality of life.

Source:  familydoctor.org

 

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Oracle NetSuite Founder Evan Goldberg

December 13, 2019 by angishields

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Atlanta Business Radio
Oracle NetSuite Founder Evan Goldberg
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Welcome to Daring To, a podcast that finds out how CEOs and entrepreneurs navigate today’s business world – the conventions they’re breaking, the challenges they’ve faced and the decisions that they’ve made, and lastly, just what makes them different.

Evan-Goldberg-Oracle-NetSuiteEvan Goldberg, Founder and EVP of Oracle NetSuite, is responsible for product strategy and development at Oracle NetSuite Global Business Unit. Prior to Oracle’s acquisition of NetSuite, Goldberg was CTO and Chairman of the NetSuite board.

Before co-founding NetSuite in 1998, Goldberg spent eight years at Oracle Corporation, where he served as a vice president. He was involved in a variety of projects, all focused on making powerful database technology more accessible to users. When he left Oracle, he started mBED Software and built groundbreaking website technology.

Goldberg holds a B.A. Summa Cum Laude in Applied Mathematics from Harvard College.

Connect with Evan on LinkedIn and follow NetSuite on LinkedIn, Twitter and Facebook.

Show Transcript

Intro: [00:00:02] Welcome to Daring To, a podcast that finds out how CEOs and entrepreneurs navigate today’s business world, the conventions they’re breaking, the challenges they face, and the decisions that they’ve made. And lastly, just what makes them different?

Rita Trehan: [00:00:19] Well, welcome. Today, on my podcast is Evan Goldberg. If you haven’t heard of Evan, well, you may be one of very few people, because Evan started what is probably the first cloud computing company to exist today. Today, we think of cloud companies as though they’ve always been around, but they haven’t. Evan started his career with Oracle Corporation and most people will know who Oracle are. A Harvard graduate who joined Oracle when they were only 900 people. I can’t imagine what that was like, Evan. Only 900 people in the company today that it’s got, I know, millions of employees. How did that feel when you first joined them?

Evan Goldberg: [00:00:58] Well, you know, the journey has been the reward, actually. And, you know, we started as a very small company, grew up to be a public company and then, transitioned to be part of a very large company. So, kind of, you know, a full arc of what might happen to a business. But, you know, we feel like our organization is as vibrant as it was, you know, 21 years ago. And that’s sort of my day-to-day responsibilities, is maintaining that vibrancy so that in another 20 years, you know, we can look back and have accomplished great things.

Rita Trehan: [00:01:41] And you talk a lot about today, tomorrow, and beyond, about existing beyond just as an organization for today, but also thinking about tomorrow and much, much more about the future. And we’re going to come on to that because as the EVP and the founder of NetSuite, I mean, you carry a big weight of responsibility, particularly, as you were acquired only three years ago, having built that company from scratch. And I do want to touch on that a little bit. Did you, as a young kid, think I’m going to own a company and run a company and create this fantastic opportunity for businesses of all sizes to be able to leverage something that’s really important to enable them to sustain their business future? Did you like wake up in the morning, as a young kid, dreaming that?

Evan Goldberg: [00:02:25] I can’t say that I was that prescient, but when I was young, you know, the main thing that attracted me to technology was programming and the ability to sort of create something out of nothing really, you know, in the virtual world. And when I started programming when I was young and we were still doing it on mini computers, as they were called back then. And, you know, you typed on this teletype and printed it out and on a roll paper.

Evan Goldberg: [00:03:03] But the one thing that was common, you know, that I think is a current that’s run through my entire career is that what I got very excited about is building things that people would find useful and that would help them in their day-to-day tasks. And since, you know, most of one’s waking hours are a good portion of it, at least during the week, is working and I guess I was sort of attracted to, I guess you might call it the sort of a B2B world as I developed my skills as a programmer. And so, I guess, you know, that’s the current that runs through it, is making people’s jobs easier on a day-to-day basis.

Rita Trehan: [00:03:44] And I’ve read some of the articles that you have been published in and where you’ve shared sort of your passion and where it comes from. And you often talk about being that person, you know, that you light up. And I’m sorry that you’re not here to see your face, but that you light up when you’re able to provide a solution to somebody. And it was something that you discovered very early on, even when you were in education that you were able to provide a solution to individuals that help solve a problem. And you have that kind of aha moment that this is something to do.

Rita Trehan: [00:04:14] But there are many budding entrepreneurs out there today that must be looking in and in excitement hearing from you to hear like, how did you do it? I mean, how did you get that courage to say, “I’m walking, Oracle. I love you dearly, but I’m walking. I’ve got this idea that I want to create something special. And I realized that there’s a need for it. And I can see something that maybe you’re not seeing or have the time to do right now”, and go off and do that. I understand that your first office was above a hairdresser’s shop. I only wish it would’ve been about the hairdressers that I would go see, but it wasn’t. So, talk about that because it takes courage.

Evan Goldberg: [00:04:56] Yeah. Well, I mean, you know, I moved out from the east coast of the US out here to California right after college. And so, that was sort of, I guess, my first entrepreneurial move. You know, I didn’t know anybody out here and, you know, built a life, you know, both of a business life and a personal life out here. I was very, very attracted to the Silicon Valley. And, you know, I grew up, you know, where some of the more origin companies of the computer revolution were digital equipment corporation, companies like that, that were in the Boston area.

Evan Goldberg: [00:05:34] But I could see that the next generation of companies was in California and I was especially attracted to Apple. I loved Apple Computers. That was the first computer I ever had. And the Mac, I got that right when it came out and worked on it in college. And so, I was really excited about Apple, but I actually got steered in another direction. My sister ran a mutual fund as an investor and her fund was invested in Oracle. And she had personally met Larry and she said, “If you’re gonna go out there, you need to meet this guy, Larry Ellison, and you should go work for Oracle.”.

Evan Goldberg: [00:06:17] And I had no idea what it was. I didn’t know what relational databases were. But I met Larry and we hit it off. And I’d say, certainly, you know, a lot of the courage and impetus to start my own thing comes from my relationship with him. And he was an amazing mentor. And I saw what he was able to do and loved the idea of building up not just a product, but a culture. And so, the best way to do that, to build a unique product and a unique culture and going off and doing something myself. So, actually, NetSuite wasn’t the first company I did. So, I had an initial-

Rita Trehan: [00:06:58] Right.

Evan Goldberg: [00:06:59] … thought about it that, you know, as quite a really, really important role, not just because that company was my sort of mandatory Silicon Valley failure, but it also provided the motivation to create a company that would help startups succeed, make sure to succeed.

Rita Trehan: [00:07:20] I love the way you call it, the mandatory Silicon Valley failure because, you know, oftentimes, people look at successful CEOs and startup individuals like yourself and think, oh, like it just worked for them, it just happened. But in reality, there’s a lot of pain. There’s a lot of hard work. There’s a lot of disappointments before that moment crystallizes into success. So, share some of that with our listeners, because I think that’s really important. Because from failure comes learnings. And it sounds like you got some real gems from that initial investment.

Evan Goldberg: [00:07:56] Yeah. And so, you know, I mean, I jumped out of, you know, working at Oracle to being responsible for payroll and for real people’s, you know, salaries. And that’s an enormous responsibility. And when that doesn’t work out and you have to lay off people, you know, and you ultimately maybe have to close your doors, it is incredibly painful. You feel an enormous burden of responsibility. And I I didn’t take that lightly.

Evan Goldberg: [00:08:29] And, you know, certainly, it provides you motivation for not having that happen again. And I was fortunate enough that at NetSuite, it’s only been sort of the rocket ride up, not the descent back down. But I think that, you know, besides providing that motivation, the experience of being a CEO and being responsible for business and growing the business and learning the sort of dearth of tools that were available to help you, that was the primary motivation of creating NetSuite. I mean, it was abundantly clear that there was not great technology to help small businesses understand what was going on, see the trends, get control of, you know, you’re kind of increasingly sprawling. We used to be small business, but now looks like a giant business when it has 50 people. You know, that lack was so abundantly clear. I knew I had to create something like NetSuite.

Rita Trehan: [00:09:30] And, you know, it’s been a success. But let’s talk about like this whole concept of technology and cloud and everything that goes with it. From artificial intelligence to machine learning, to robotics, to intelligent automated processes. They blow people’s minds. CEOs kind of talk about it. But if we’re honest, most CEOs are yearning to learn what it actually means in practice. Boards of big companies and small companies are tearing their hair out, trying to capture this leverage that they’ve got right now, which they don’t seem to have.

Rita Trehan: [00:10:02] So, you’re kind of a visionary in a way, because you saw the opportunity that what businesses needed was the ability to connect things together. To really be able to provide value was to have this ability to look right across your organization to understand what was going on. Did you realize that you were a visionary at that time? And how can you help? I guess my second question today is how do we help businesses really understand the power of technology in a good way?

Evan Goldberg: [00:10:35] Yeah. Well, I mean, you know, I think it starts with simplicity and understanding that anything that you’re going to provide to a very, very busy entrepreneur has to be simple in some sense and minimalist, I guess you might say. And so, from the very, very beginning, and, you know, the web was still pretty young in 1998, the vision I had was a dashboard like in your browser that had everything about your business. And you could then drill down.

Evan Goldberg: [00:11:12] So, it would show your sales, it would show your expenses, it would show your employees’ information, or, you know, how your employee count was growing. You know, these kind of key metrics right there in front of you in real time. So, I guess if you want to say a visionary, someone that has a vision, I had an actual sort of visual image of what I wanted out of NetSuite. And the interesting thing is that we first had to build the components of the business system.

Evan Goldberg: [00:11:40] We had to build accounting, we had to build CRM, we had to build a web store for people that wanted to sell online. Once we had those, we were able to actually create that dashboard in your browser. There weren’t phones yet that could view those. And it was at that point, actually, that, you know—and Larry, I give him a huge amount of credit. We started the company together. I had this vision of software to help businesses to see. He had the vision of it was going to run on the web.

Evan Goldberg: [00:12:11] And he was absolutely convinced that the future model of computing was going to be that you run these applications on the internet. And he’d joke like, “That’s how it’s gonna be for the next thousand years. I don’t know what it’s going to be after that.” And so, you know, it was kind of the merging of those two visions. So, I was thinking of, you know, one place you could go that had all the information across your business. And he was thinking this would be delivered over the web. So, really, the conjoining of those two ideas was NetSuite. And it’s really in the name.

Rita Trehan: [00:12:48] And yeah. It’s a great way to describe it.

Evan Goldberg: [00:12:49] And so, when we announced that, what we called the Executive Dashboard, which was that one page that you could go to in your browser that had everything about your business, Larry got re-engaged. And he actually became the product manager of that part of the product for several months calling me cause he said, “Okay, now, I want to log into your instance, to your account, so I can see what’s going on in NetSuite. In particular, I want to look at this dashboard.”.

Evan Goldberg: [00:13:15] And he would log in and then, he’d called me and he’d say, “Oh, you need to add a line graph that shows your sales by day compared to previous quarters”, things like that. And, you know, we dutifully add it in and push it out to production. It was easier to get the product of our endeavors to our customers very quickly. And I’d call him and I’d say, “Yeah. Okay. Take a look, see if you like it.” That was actually really exciting-

Rita Trehan: [00:13:40] So, let’s talk about that a little bit. I’m sorry to interrupt. But was that hard to have somebody that was your mentor, you know, who was really passionate about what you were doing, but also kind of getting right into it as well. Like did you, at any point-

Evan Goldberg: [00:13:56] Yeah.

Rita Trehan: [00:13:56] … feel like, “Larry, I love you dearly, but can you just back off for a little while and just let me play with it?”

Evan Goldberg: [00:14:01] No, you know, I relish that. He’s incredibly smart and obviously had been thinking about running a business for far longer than I had. So, to me, it allowed us to move really, really fast in getting that part of our product, which is really still the central kind of the heart of NetSuite. When you log in to NetSuite as an executive or as a manager or even as a salesperson, the first thing you see is that dashboard with everything you need to know and everything you need to do. So, it was absolutely great, you know, the company and the company that we started together, that we were able to collaborate on the need to have that sort of central capability.

Rita Trehan: [00:14:47] So, I want to talk a little bit about you, yourself, and taking the company over those years up until 2016, that you came back into the fold of Oracle, because you’re quite an interesting individual, having read about you. And particularly, around your focus on culture and the things that are important. And that’s often rare to have CEOs actively talk about it. But then, show some visible proof that it actually exists in reality as well, that it’s not just a set of words.

Rita Trehan: [00:15:20] You have been very, very passionate and have shown that commitment in the social impact space as one, which, you know, I hold dear to my heart as well, because I’m a great believer that profit with purpose is good for the world. And we are now faced in a world today and we are seeing CEOs stand up and say, “Hey, we are more than just about making profit. We are about per person. Here’s what we’re doing.”.

Rita Trehan: [00:15:46] But, you know, many people will be sitting back and going, “Yeah, you know, it’s the same old, same old. They realize they’ve got to like say the words”, but you’re different. You’ve actually done some really important things in being able to offer that technology that you have to nonprofits in a way that’s helping those organizations to be really successful. Like what is it in you that drove you to want to do that right at the very early stages? I’m intrigued. Share more.

Evan Goldberg: [00:16:16] Yeah. You know, in culture, primarily grows organically. It’s driven from the top but not really from pronouncements. I mean, I think things like values are really useful, but they don’t really create the culture that they more just report on the culture.

Rita Trehan: [00:16:38] Yeah.

Evan Goldberg: [00:16:39] And the culture comes from the people and who you bring into the organization and how you act as a leader to, you know, set an example. And, you know, I’ve always had, you know, sort of balance in my life between, you know, the professional, the business, and sort of the personal and the philanthropic. And especially, in, you know, where philanthropy and business overlap, I was able to take some of that and bring it into the workplace. And so, for example, our social impact program began because my wife was president of the local PTA. They had a terrible system. They used two copies of QuickBooks, one for donations and one for expenses. I mean, it was ridiculous. And it’s like-

Rita Trehan: [00:17:32] Okay. I’m tearing my hair right now. I’m like, “Ah”, like yes, I can feel their pain.

Evan Goldberg: [00:17:38] Yeah. And so, I said, “Why don’t we put NetSuite in there?” And we did. And it worked out great. I mean, volunteers were able to actually work at home, et cetera. And so, once I saw that, that I said, “Oh, my God, there must be thousands of organizations that could benefit from a system like NetSuite and sort of do good better.” And so, really, you know, bringing that, I think the culture comes from who you bring into the organization and what they bring from outside into the workplace. And so, that’s, I think, how we’ve grown up as NetSuite, to have this culture that really embraces social impact, it’s often described as like a family here. And when we come into a bigger company like Oracle, well, one of the most important things initially in Oracle, is really smart about this, is to just do no harm. And so, we were-

Rita Trehan: [00:18:30] That’s great.

Evan Goldberg: [00:18:30] … just sort of sequestered and allowed to continue to do what we were doing really well and then, start to pull in some of the benefits that come from the bigger company. And I think what’s really exciting about being part of Oracle is that Oracle is undergoing a transformation, I think, in the same way about thinking about the continuum of what employees do and making sure that they are really engaged.

Evan Goldberg: [00:18:58] And that involves a lot of different things, but the social impact of, you know, what the organization does is an important part of it. And so, that’s been really exciting to be part of that sort of evolution that’s happening in a very, very large company. You know, it’s like turning to Queen Mary, but it’s very in sync with what we, you know, as a smaller part, have been focused on all along. It’s a culture which is very employee-centric, in addition to being very customer-centric.

Rita Trehan: [00:19:26] So, I do a lot of work with organizations of all sizes around culture and to convince organizations that culture is important. It’s often really hard because they’re like, “Yeah, right. Yeah. We’ve got it, but, you know, talk to us about like what’s going to make our business more sustainable.” And like I look them in the eye and I go, “That’s it. It’s how you bring together the essence of what makes people want to be there.”.

Rita Trehan: [00:19:50] And you talk about some things around letting people come up with ideas to have the opportunity to create. Like don’t get in the way of helping people to create ideas. Let them have the autonomy that they need to be able to do that, because people will create great ideas in a world today, where we know technology is advancing at a faster rate than it has ever done before, where it is enabling us to do things that we have never been able to do before, where products like NetSuite are enabling companies to kind of bring together some synergies, and identify trends and analytics, inform companies around what they can do to innovate and move forward.

Rita Trehan: [00:20:36] It comes with some price, which could be an opportunity or, you know, a potential risk for organizations. How can we help businesses and employees see the future of the worlds and technology as something that comes together for good? I do believe that it is. And you talked about what we’re seeing today around cloud technology and technology, in general, as not just being a technology shift, which to me is like music to my ears. And you talked about it being a generational shift, that this is a shift in how businesses will continue to operate in the future. How do we leverage the best out of that? Big question, I know, but-

Evan Goldberg: [00:21:19] Yeah.

Rita Trehan: [00:21:19] … like what’s your thought?

Evan Goldberg: [00:21:19] In NetSuite, you know, NetSuite is fundamentally a B2B company. We’re selling to businesses and we’re somewhat insulated from some of the more controversial privacy issues that come from the large, you know, tech companies that serve consumers. And so, that’s something that we just are happy about because there’s a lot of consternation right now. But business is really just sort of drink up what we give them, if they are not conflicted.

Evan Goldberg: [00:21:58] And the AI technology that we bring in, is not about, you know, facial recognition, the AI technology process things like identifying orders that may not ship up on time for customers that deliver products because of the history and because of other things that are going on out in the world or looking at projects if you’re a company that’s a project-based business, like an ad agency, you know, or a consulting company, projects that look like they’re at risk of going over budget because of, you know, trends that we’ve seen.

Evan Goldberg: [00:22:39] So, the AI that we use, I think, is really relatively benign and, you know, agreed upon by the people that own the data that we’re looking at, which is their data that it’s to their benefit. And of course, all of this is opt in and we’re just starting to scratch the surface. I mean, you know, the types of things that AI does that I think are generally uncontroversial are suggestions that gives you on the phone, hopefully, you know, based on relatively simple things, you know, that the phone knows about, so to speak. I hate to have to lower price a phone, but like, “Well, it’s gonna take you longer to get into work today because there’s traffic.”

Rita Trehan: [00:23:26] Yeah.

Evan Goldberg: [00:23:27] And people like that. That’s a relatively benign use of AI. There might be something more sinister behind it, but we believe that those kinds of suggestions for businesses, how you can get someplace a little bit faster or where there might be obstacles to achieving your goals and where we’re going to be right a lot of the time. I mean, one of the things that’s great about those suggestions is when they suggest that there’s traffic on the way to work, well, usually, at this time of day, you are going to work.

Evan Goldberg: [00:23:54] And sure enough, their traffic predictions are usually pretty good. So, that’s what we want to do, is relatively simple assistance. It’s really intelligent assistance that we can give. And we’re confident that those suggestions will be correct most of the time. And we’re just at the very, very early stages of that. But that’s very, very exciting to me as an entrepreneur and, you know, to help other entrepreneurs.

Rita Trehan: [00:24:21] And there’s two things that I want to sort of pick up on that. One is that, you know, yes, you talked about next week being a B2B offering, but actually, you talked about six things when I sort of sat back and reflected on them, I went, “Wow, these are the kinds of words that I use and many people use to help large corporations think that, how do they navigate the world of uncertainty today?”.

Rita Trehan: [00:24:46] You talked about the need for simplicity. We’ve already talked about that. In a world where time is of essence, people are time poor, nobody wants complexity anymore. There’s enough complexity everywhere else. They kind of want things that are simple. And you mentioned that. You talked about agility. That has to be important today, not just for B2B businesses, but businesses at large and nonprofits, just like, you know, organizations that are trying to do good better.

Rita Trehan: [00:25:12] You talked about productivity. We’ve seen productivity levels decline in companies today over the last several years, because there’s only so much they can do around efficiency. So, they have to look at different ways to innovate and change. And you talked about the need like control. You know, how do you keep control, but let go of control? It’s the way I like kind of frame it. I may not framed it in the way that you would, but I’d be interested to hear that.

Rita Trehan: [00:25:36] And the power of visibility. So, they are quite very clear and succinct points that I think are really valuable to businesses. Would you say that those elements have been true as you thought about your business since its beginning? And do they hold true for what you do going forward or are they more advice points that you try to think about from your customers’ perspectives? What would you say?

Evan Goldberg: [00:26:04] Well, you know, there’s two driving factors that lead us to do what we do, you know, it comes from our experience, you know, our personal individual experiences in business. My experiences as an entrepreneur, I grew NetSuite. NetSuite had a growth journey that’s not unlike many of our customers. I learned a lot in that growth journey and I try to bring those learnings into what we offer to businesses.

Evan Goldberg: [00:26:32] And then, you know, true empathy can only come from actually, really doing your best to walk in other people’s shoes. We spend an enormous amount of time with our customers. We send our product engineers out on what we call field trip to go visit customers that are using NetSuite and see their business in action and how NetSuite plays a role, you know, seeing it sort of on the ground. And so, you know, the creativity that comes in building, you know, sort of the next generation of business tools is informed by, you know, sort of those two elements.

Evan Goldberg: [00:27:11] And my experience in building NetSuite and what we hear from our customers when we go out to visit them is that the two most critical—I guess there are really three critical elements. It starts with visibility because that’s what they lose as their business grows. They used to see everything. You know, like you talked about NetSuite being above a hair salon. When we were above a hair salon, everybody was right there next to me.

Evan Goldberg: [00:27:37] I knew everything that was happening. I knew every, you know, salesperson that was selling and every support person that was giving customer support. You lose that visibility as you get larger. And so, that’s the first thing that they want, is to get back some of that visibility that they lost as they grew. The next thing is control. There’s less control as you grow and you don’t know everybody and you don’t talk to everybody. But then, you mentioned agility. And that would be the third, you know, super critical component and one that we’ve especially focused on on NetSuite, because we know that these organizations that we serve are changing very rapidly.

Evan Goldberg: [00:28:12] And whatever we provide as a solution on day one, you know, may not be exactly the right solution a year later, two years later, three years later. So, we built in NetSuite a great deal of flexibility. And as you transform your business, the NetSuite service can transform with you. So, that’s how we have thought about it in the past few years. It’s not dissimilar to how we thought about it initially, but I think it’s evolved based on our experience building NetSuite and our experience, you know, spending time with our customers.

Rita Trehan: [00:28:44] Let’s talk about your customers because you used the word that I confess, I don’t think I can think of one CEO that I’ve heard used the word, I’m sure that they have, I just haven’t heard it, I’ve heard lots of both words around we’re becoming customer-centric or we’re becoming more personalized, but you used the word empathy, like, you know, we are empathetic with our customers. That’s really what drives us. What does that really look like? I’m intrigued. Again, I’m intrigued, I’m fascinated because it’s a term that I go, “Oh”, like it’s already like making me feel warm about what you guys are offering. And it’s unique and it’s different. So, what does that look like for people that work at NetSuite?

Evan Goldberg: [00:29:27] Well, I mean, I would say in one’s work life, empathy is probably the most important skill and practice because I don’t think it’s not just with your customers, but it’s obviously with your coworkers. And so, you know, we’ve tried to build it into the fabric of NetSuite both in our internal operations, as well as how we relate to our external, you know, customers and partners. You know, it displays itself in many different ways.

Evan Goldberg: [00:30:00] In our product organization, as we develop products, we use personas. So, we try to develop a picture of what the typical user of this part of the service is like. And it goes beyond just how they use NetSuite, but what their job duties are, what their frustrations are, what they view as challenges, what they view as opportunities. And then, from those personas, there are user stories, which track, you know, how users operate on their day-to-day and how they want to operate. So, that’s empathy in a sort of product development setting.

Evan Goldberg: [00:30:44] In a customer service setting, the best customer service is, I think, delivered by people that can empathize with, you know, a frustrated caller that’s having a problem. In sales, listening is the number one skill and empathizing with the pain points that brought a prospect to your door and the opportunities, you know, that they feel on a day-to-day basis that they want to take advantage of, I think, is the critical success factor there. So, across our organization, both internally and externally, we’ve tried to build empathy into the fabric of how we operate.

Rita Trehan: [00:31:26] I think I need to be one of your personas because I think I’m like right at that extreme end, will like be that customer that has all of those moments that you really don’t want to see. So, like if you ever need anyone to be a prototype, please do give me a call, because I’m sure I will have ticked every box that you would think is your worst nightmare. I did once offered to go to Microsoft’s offices in Silicon Valley to sit with their customer service team a long, long time ago.

Rita Trehan: [00:31:55] Because I had just this desire for them to understand what it feels like to be a customer on the other end, not because they didn’t want to help, but that I offered my services for free. And they promised they would bring me back and they never did. I wonder why. But there you go. But I think it is a really important point. So, now, I’m going to get onto maybe some stuff like I do like to kind of push the edges a little bit.

Rita Trehan: [00:32:18] So, here you are, you know, a disciple of Oracle, you go out into the big, wide world, you do it, you make it, like you create something that you can sit back, and the people that are in part of that organization are really proud of you. Isn’t there a risk to having gone back to Oracle? That people are sitting there going like, “Why did he do that?” Like, “Why did he go back and take like his baby and put it in a bigger organization?” How do you respond to a question like that?

Evan Goldberg: [00:32:52] You know, one of the things about being part of—you know, Larry was who I started it with, Larry is who I worked very closely with it on now, so there’s been a lot of continuity that you might not have in other circumstance like this. We’ve had great continuity with our organization. As I said, Oracle did this right. And they had a first do no harm sort of approach. And as a result, we’ve been able to preserve our culture and we’ve been able to actually refocus in a lot of ways.

Evan Goldberg: [00:33:24] And I think people that talked to me see the excitement that I have right now and that we’re more targeted towards these very fast growing entrepreneurial organization even than when we were independent. And that’s a big motivator for me. To be able to have a clear target for what you’re doing and then, to be able to, you know, take a team. And most of our team is still at NetSuite. You know, if you look at the people that work for me, they’ve been at NetSuite for 10, 15, even 20 years.

Evan Goldberg: [00:33:57] To take that team and refocus them on a clear target and with a clear value proposition, that’s exciting. So, I think we’ve been able to maintain the excitement that we had before. And then, we’re able to leverage the reach and the technology that Oracle provides us. We’re moving into the Oracle cloud infrastructure data centers. That’s where we’re going to run NetSuite out of in the future. And that’s very advanced technology and it’s really exciting.

Evan Goldberg: [00:34:26] We’re going to use Oracle’s autonomous database, which is an incredible use of AI to make databases how they really should be, which is you just ask it a question and it gives you an answer. You don’t worry about all the details of implementing a database. So, being part of that, being able to reach out internationally and Oracle has incredible reach there, that’s been extremely exciting for us going into countries that we, you know, wouldn’t have reached for years and years as an independent company. So, I think there’s always pluses and minuses to any transition. And I’ve just, you know, focused on accentuating the positive.

Rita Trehan: [00:35:04] And I would say that though for other entrepreneurs that are out there, actually, you could argue that you were very bold and actually demonstrate a skill, which I think many CEOs need today, which is the ability to be able to reflect and not get so absorbed in what they have created, not to lose sight about what the overall purpose or vision of their original idea or concept was. And by actually being part, coming back into the fold of Oracle, you know, that’s not an easy decision to make.

Rita Trehan: [00:35:38] Because ultimately, you created something, but it sounds like you reflected back and said like, “How can I continue that vision and how can I make it bolder, better and have a greater reach?” That’s not easy for entrepreneurs to give up, right? Because it’s there. So, that process that you went through, the weighing up, maybe the struggle is a bold move and a reflective move. Do you think that many entrepreneurs should be thinking about more of that reflectiveness as they grow? Is that something that you’ve grown and developed over the years or do you think that’s something that’s always been part of you?

Evan Goldberg: [00:36:21] Well, you know, I wouldn’t presume to give advice to other entrepreneurs that are-

Rita Trehan: [00:36:26] Oh, go on, go on. Please do.

Evan Goldberg: [00:36:28] … you know, in different situations.

Rita Trehan: [00:36:30] Sure.

Evan Goldberg: [00:36:30] We had a somewhat unique situation. And then, I think in a lot of cases, it isn’t like that. But, you know, a successful acquisition should typically keep the best people. And so, I would hope that organizations that are looking of acquiring entrepreneurial startups are really thinking about how to provide a situation, where that person can still be entrepreneurial, where there’s still good upside for them. And, you know, it doesn’t mean forever. And any entrepreneurs are to have a tendency they come up with great ideas and maybe that great idea can be accomplished at a new organization or a large organization, and maybe it can’t.

Evan Goldberg: [00:37:18] In my circumstance, I kind of feel like we had a very, very big idea that we’re not done with this and that it could still consume most of my creativity and that I’m lucky in that sense, that the job has sort of never done in making organizations have better visibility, have better control, have better agility so that they can grow faster and achieve, you know, their vision. That’s a job that sort of never done. And we have a great platform for that. And if you’re in that situation, I do think it’s worth looking at whether it makes sense to walk away. I mean, for me, NetSuite is sort of my baby. And so, wherever it is-

Rita Trehan: [00:38:07] It’s a growing baby, that it’s growing very healthily.

Evan Goldberg: [00:38:10] … it’s really hard to abandon that. And I think maybe there are entrepreneurs that do that too quickly. But certainly, I am very, very sympathetic to the fact that the situations of acquisitions is not always sane and wise, it was somewhat unique.

Rita Trehan: [00:38:30] Let’s go back a little bit to culture then, because you talked about, you know, something that you feel passionate, but it’s something that I truly believe is the cornerstone to success for companies today and was previously and will continue to be in a world where we can no longer rely on certainty because of the pace of change and everything else that’s going on. So, you mentioned that culture for you involves a number of things around, you know, communicating with people. Like you talked about, your team going out to customer sites so that they can actually see how their work is having an impact. You talked about the importance of diversity.

Rita Trehan: [00:39:11] So, obviously, as a woman who’s been at exec levels in senior organizations and who is passionate about diversity, not just about women, but in its broadest sense, what does that mean to you from a culture perspective? And as a senior exec in today’s business world, how do you get your voice having a greater reach around some of these things that are important around purpose, making sure people feel like they are engaged and contributing the best that they can at work and valuing diversity in its most broadest sense? I do feel senior leaders have a much bigger role to play beyond their own organizations today. What’s your perspective on that?

Evan Goldberg: [00:40:00] Yeah. So, you know, we talked earlier about, you know, elements of creativity and reaching, you know, a variety of different types of businesses. And we do have enormous reach, especially as part of Oracle. And the only way we’re going to succeed is with a diversity of backgrounds and a diversity of experiences, life experiences, business experiences. And so, it’s incredibly important for our business that we have a diverse workforce.

Evan Goldberg: [00:40:37] And it’s work to do that. It’s not something that you can do in one initiative. It requires continuous focus, not just on expanding your recruiting reach, so you can reach nontraditional candidates. Making sure that everybody is trained and things like unconscious bias so that we are very welcoming for people of diverse backgrounds. But then, really, really important is mentoring people from non-traditional backgrounds, as well as, of course, women that come into organizations that may have been majority male.

Evan Goldberg: [00:41:18] And so, you know, Oracle has some great resources for that. For networking and for mentoring, for women and other, you know, traditionally underrepresented groups. And again, it requires something continuous. It doesn’t happen immediately. But you bring a diversity of people, you know, qualified, motivated, energetic people of all backgrounds into an organization, you make sure that the organization is welcoming to them.

Evan Goldberg: [00:41:49] And you make sure that you’re mentoring them so that they, you know, can overcome, you know, roadblocks. That’s how you ultimately develop a diverse leadership team. And that’s the best situation, obviously. Because then, you’re truly leading by example. But that’s a long process that requires a lot of attention and energy. And so, that’s what I try to motivate our teams to do, you know, over and over and over again. And Rome wasn’t built in a day, as the cliche goes.

Rita Trehan: [00:42:24] It does.

Evan Goldberg: [00:42:25] We want to see continuous improvement in diversity and inclusion. And that’s the right thing to do, but it’s also going to massively strengthen the business.

Rita Trehan: [00:42:35] And given that technology is growing so vastly and we know the skills that are so much needed today and tomorrow and in the future, how do we help the young generation see technology as a career that offers so many great opportunities? I was blown away by statistic that you had quoted around the lost value of not having young girls interested in, necessary, technology or having the opportunity to be in employment, something like 13 to 15 trillion dollars. I mean, that just like—speechless, as I am right now.

Evan Goldberg: [00:43:15] Definitely. I would-

Rita Trehan: [00:43:16] Speechless, right? That’s really hard for me, by the way, to be speechless. But, you know, of course, there’s loads of initiatives, but it’s a massive skill gap that we’ve got globally right now when we know what the horizon brings. So, how can we do more to really give opportunities around the world to education around technology?

Evan Goldberg: [00:43:39] Yes. Right. And of course, you know, some of this is outside the purview of any one particular business, but certainly, as an organization, we try to do our part there. Supporting organizations to help with girls or education. I mean, as we said, we have a very substantial social impact program at NetSuite, where we actually give away the service and we give away pro bono work of employees to help implement NetSuite at organizations that are doing things like getting involved in girls education around the world.

Evan Goldberg: [00:44:12] So, that’s one way that, you know, we, as a company, individually can help. And Oracle has some amazing initiatives in that regard also. I think, you know, that’s just one component of what needs to happen. One of the things that I’m most excited about that isn’t directly connected to what, you know, my day job is the advent of online education and the ability for people around the world to close some of that skills gap. People of all backgrounds to close that skills gap. So, that’s another area that I think, you know, countries and organizations can promote to help.

Evan Goldberg: [00:44:56] And, you know, obviously, there’s this massive, massive work that needs to be done. So, you know, they often say, I think, roadblock, local. And so, you know, we try to do our part at NetSuite to make sure that, you know, we have diversity. And then, those women and people of traditionally underrepresented groups that are successful at NetSuite, we give them, you know, opportunities that encourage them to go out into the community. And they can be mentors for the next generation. So, you know, it is individual action. It’s obviously large collective action. And all those things together, you know, when you have a person like Michelle Obama behind it, you know, there should be, you know, very, very serious progress over the coming years.

Rita Trehan: [00:45:42] Well, a whole topic on education is something we could spend a lot of time on. It’s another area of passion and interest of mine. And we should maybe think about that, because I think there’s a whole revolution around education that can be so valuable and where technology can play a role. And execs-

Evan Goldberg: [00:45:56] Yeah. And, you know, just to-.

Rita Trehan: [00:45:57] I mean, it’s massive.

Evan Goldberg: [00:45:58] Just to add onto that, these things that you do as part of your business are things that we need to do as individuals.

Rita Trehan: [00:46:04] Yeah.

Evan Goldberg: [00:46:04] So, my wife and I have supported the computer science program at the school that my daughter went to for middle school and high school. She’s in college now. But early on, it was clear that this school as all girls school didn’t have a sophisticated computer science program, is it really needed? And that was clear to me. And we got together with the administration of school and figured out how we could bring in, you know, a specialist.

Evan Goldberg: [00:46:36] And that we could not only improve the computer science education for girls at the school, but also be, you know, sort of a thought leader for girls schools, but also for all types of schools. And, you know, when I looked at where that school was in terms of its computer science curriculum, I’m like, “Well, jeez, if this school, you know, a Silicon Valley highly funded school filled with the senior people in Silicon Valley, their children.”

Rita Trehan: [00:47:05] Yeah.

Evan Goldberg: [00:47:06] “If this school can figure it out, how is a school in Oakland going to figure out how to teach computer science to their kids?” And what was really gratifying about that effort is that the woman that we brought in as a computer science leader ended up sharing her successes with schools all over California and became a member of a sort of consortium of these teachers thinking about how the learning could be utilized across the state of California. So, that was really, really exciting. And so-

Rita Trehan: [00:47:38] I have a warm glow across my face.

Evan Goldberg: [00:47:39] … you know, I think that there’s things that businesses can do and there’s things that individuals can do.

Rita Trehan: [00:47:41] I have a warm glow across my face because actually, you have put in a nutshell that it’s not necessarily massive big things that are going to make a difference. It’s everybody doing maybe some small things that are gonna really make a difference. And I honestly believe, like we should schedule some time to talk about education because it is a massive topic. And there is so much opportunity. And there is a hunger to apply some of the innovation in thinking that entrepreneurs like yourself and other leaders can bring to what is essentially, you know, our future.

Rita Trehan: [00:48:14] So, a big believer in young people and them carrying the future and forward in a way that will make this world the world that it can be and should be for everyone. So, after a while, she’s like, two questions, one is, you’ve got to tell me about Zen knitting. Come on. Like I have not heard of an organization that really believes in bringing people together and, you know, spending time at work and offering people things that bring them together. And I just want to know, what is Zen knitting because I mean, I want to be part of that.

Evan Goldberg: [00:48:45] Well, I haven’t actually taken that class.

Rita Trehan: [00:48:47] Okay. Anybody from NetSuite, I need to like get him on it.

Evan Goldberg: [00:48:52] Okay. What I can tell you is that, you know, we talked about culture. And I think that bringing people together for, you know, learning things outside their direct job responsibilities, but things that, you know, they might be interested in, I think, is important. And the continuous learning is where the world is going.

Rita Trehan: [00:49:13] Yeah.

Evan Goldberg: [00:49:13] And you spend an enormous amount of time at work. And so, it’s not just Zen knitting that we do. We do Intro to Japanese, Intro to French, Intro to Spanish, we do cooking. I mean, you know, this is obviously a break from work, but it also brings people together from, you know, disparate parts of the organization, they get to meet. And again, you spend so much of your time at work, if, you know, a portion of that time can be used as part of sort of a larger continuous learning, we give, you know, finance classes for retirement financing, things like—I mean, just a whole variety of different things. And I think we can provide, again, for our employees to grow and to learn and to meet and to interact. And so, that’s sort of where Zen knitting falls in our “strategy”.

Rita Trehan: [00:50:11] You do know what you’re going to get from Christmas from a number of people that work at NetSuite now, don’t you? A set of knitting needles and some wool. It’s coming your way. A place near you.

Evan Goldberg: [00:50:21] Really? Like I’d prefer a hat.

Rita Trehan: [00:50:24] Well, you know what you can do, you can take the wall and you can knit it.

Evan Goldberg: [00:50:28] If they could just give me a hat.

Rita Trehan: [00:50:29] No, that’s for you to learn. And then, you can like post it on Instagram and we can all go like-

Evan Goldberg: [00:50:34] Yeah.

Rita Trehan: [00:50:34] … “Yay”, like, you know. All right. So, very last question. This is about Daring To, people that dare to think differently, act differently, do differently. What’s your Daring To, Evan, what would you say? What are you daring to do? Either have done, are going to do, or are doing right now.

Evan Goldberg: [00:50:54] Well, you know, one of the most daring things I did as part of NetSuite was we have a company band. Actually, we have a couple of them. We have a couple of company bands and a couple years ago-

Rita Trehan: [00:51:06] I’m loving it.

Evan Goldberg: [00:51:07] … just we have a user conference with about 10,000 people and it has a gala. And we were in Las Vegas and they decided it would be a good idea to have the company band open for the main act, which was like ludicrous.

Rita Trehan: [00:51:26] Oh, I want to be there.

Evan Goldberg: [00:51:28] And so, I played two songs on the drums. I’m a drummer. That’s my Zen knitting, is Zen drum. And I had to play a couple songs, one by the Red Hot Chili Peppers-

Rita Trehan: [00:51:41] I love them.

Evan Goldberg: [00:51:42] … on the drums in front of something like 5,000 people. And that was definitely one of the most nervous I’ve ever been in my entire life.

Rita Trehan: [00:51:49] I bet that was harder than making the decision about what to do either starting NetSuite or, you know, deciding to go back to the Oracle fold. I bet you that playing that was much harder of a decision to make. So-

Evan Goldberg: [00:52:01] Well, it is funny because there was one song, Creep by Radiohead.

Rita Trehan: [00:52:07] Yeah.

Evan Goldberg: [00:52:07] This was at another one of these performances that had a particular drum fill that was challenging. And I worked on it a ton. And I nailed it. And when the song was over, the band leader, who’s also our head of engineering, said, “Well, Evan worked harder on that drum solo than he did on his keynote address today.” So, I don’t know what he said.

Rita Trehan: [00:52:30] Well, look here, it had the right impact, right? Fabulous story. What a great way to end. So, Evan, if the people want to know more about NetSuite, they want to know more about you, how do they get in touch with you? What, you know, website, Twitter, LinkedIn.

Evan Goldberg: [00:52:46] Well, unsurprisingly, they go to netsuite.com.

Rita Trehan: [00:52:50] And on LinkedIn, will they find you on LinkedIn or-

Evan Goldberg: [00:52:52] They will. They will find me on LinkedIn, I forgot about that. Yeah. I don’t generally use LinkedIn that much-

Rita Trehan: [00:53:00] Okay.

Evan Goldberg: [00:53:00] … so I can’t tell them exactly how to do it. But if you search for Evan Goldberg, there’s at least a chance that they’re going to find me.

Rita Trehan: [00:53:06] You’re going to find him.

Evan Goldberg: [00:53:06] Search for me on Google. You’ll find Seth Rogen’s writing partner for a bunch of his movies. He-

Rita Trehan: [00:53:11] Oh, cool.

Evan Goldberg: [00:53:12] … comes above me, which I’m very happy about.

Rita Trehan: [00:53:13] Wow. Well, if not, just look up drums, Radiohead, and you’re bound to find him. Thank you so much. It’s been a fabulous podcast. I’ve learned so much. And just from what the stories that you have shared and your journey and I know our listeners will as well. And if you want to find out more about Dare Worldwide and what we do in terms of helping businesses from a transformation and technology perspective, then look us up on www.dareworldwide.com.

Rita Trehan: [00:53:43] You can find me on Twitter, @Rita_Trehan. And obviously, you can sign up and listen to Daring To podcasts. So, thank you very much. And look out, my second book is coming out next year and you can always get the second edition of Unleashing Capacity because it’s all about how do we unleash our inner capacity. So, thank you very much, Evan. I really appreciate it. I hope you have a great holiday. And I can’t wait to see that hat that you knit.

Evan Goldberg: [00:54:08] We’ll see about that. But thanks, Rita, for having me. I really enjoyed it.

Rita Trehan: [00:54:11] Okay. Take care.

Outro: [00:54:12] Thanks for listening. Enjoyed the conversation? Make sure you subscribe so you don’t miss out on future episodes of Daring To. Also, check out our website, dareworldwide.com for some great resources around business, in general, leadership, and how to bring about change. See you next time.

 

Tagged With: Oracle NetSuite

Leadercast: Jennifer Henn and Jennifer Bartl with COR

December 12, 2019 by angishields

Leadercast-Feature-12-12
Atlanta Business Radio
Leadercast: Jennifer Henn and Jennifer Bartl with COR
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COR

Jennifer-Henn-CORAfter earning degrees in business administration and taxation, and her CPA license, Jennifer Henn, Co-Founder, and Executive Director of COR, Inc., had a successful career working in the tax departments of Ernst & Young, First Data, and The Coca-Cola Company. She left the corporate world to stay home with her three children, and for 12 years enjoyed being actively involved in their schools and activities.

Volunteering with a non-profit organization focused on sex-trafficking led Jennifer to join that organization as its CFO. She learned about the inner workings of a non-profit and gained experience in development, board governance, and fundraising. It was there that she saw the resilience of kids when given opportunities, resources, and unconditional love.

Seeing the disparity between the opportunities her children have had, and those children living in underserved and marginalized communities fueled Jennifer’s passion to find a way to bridge that gap. Meeting Jennifer Bartl and Jennifer Greenlee and learning of their passion for the same thing prompted them to start COR. They each have a different set of skills that, when combined, create a formidable team.

Jennifer loves spending time with her family (husband and three kids) and three dogs, watching her kids play sports, traveling, reading, hanging out by the pool, and a good glass (or two) of red wine. Having grown up on St. Croix in the US Virgin Islands, her favorite place to be is by the ocean. She gets silly excited when she makes connections, especially with and among women looking to make a difference.

Jennifer-Bartl-CORJennifer Bartl, Co-Founder, and COO of COR, Inc., received her Bachelor’s Degree in Psychology from The University of Wisconsin and her Master’s Degree in Marriage and Family Therapy from Syracuse University.  She is a Licensed Marriage and Family Therapist who is adept at best practice program development.

She has worked in the field of Behavioral Health & Addiction for over 20 years, choosing to lend her passion and talent to school-aged youth. She has been instrumental in the development of a school-based mental health clinic, securing funding to start after school programming for children, and substance abuse prevention/education programming for at-risk adolescents.  She has partnered with over 25 community stakeholders to establish a local collaborative system of care in Atlanta that serves to increase access to health services and community resources and to decrease healthcare disparities. Jennifer has been recognized for her work in raising awareness of intimate partner/teen dating violence; she is well versed in the areas of trauma, play therapy, marriage and family therapy, addiction and specifically, social justice issues including those that impact women, persons of color and other marginalized groups.

Jennifer is a champion for children of all ages and a dedicated advocate for vulnerable populations including victims of sexual exploitation and trauma. She is a statewide trainer for Darkness to Light and presents Stewards of Children training around metropolitan Atlanta to raise awareness of and teach adults how to recognize and prevent child sexual abuse. Jennifer is also a facilitator of Love146 Not a #Number curriculum. Not a #Number is an interactive, five-module prevention curriculum designed to teach youth how to protect themselves from human trafficking and exploitation through information, critical thinking, and skill development.

Follow COR on Facebook, Twitter and Instagram.

Leadercast-Jennifers

About Leadercast

Leadercast is dedicated to building leaders others will follow by providing solutions, events, and resources for individuals, teams, organizations, and corporations across all industries. Whether you need tools to lead yourself, your team or your company, Leadercast will guide you on your journey to being a leader worth following.

About Your Host

Pat Hurston is a highly dedicated and resourceful corporate and non-profit executive with over 30 years of experience in all aspects of executive leadership, strategic planning, and fundraising. She has a proven record of fostering organizational efficiency and growth and is adept at the effective leadership of any size staff.

Pat has a passion for women and children issues and providing leadership in the business community as a servant leader, serving as a volunteer, board member and advisor to the board, to help make positive change.

Connect with Pat on LinkedIn.

Tagged With: COR, Inc., Leadercast

Decision Vision Episode 43: Should My Business Buy Real Estate? – An Interview with James Pitts, FRED – Fractional Real Estate Department

December 12, 2019 by John Ray

Decision Vision
Decision Vision
Decision Vision Episode 43: Should My Business Buy Real Estate? – An Interview with James Pitts, FRED - Fractional Real Estate Department
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should my business buy real estate?
Mike Blake and James Pitts

Decision Vision Episode 43: Should My Business Buy Real Estate? – An Interview with James Pitts, FRED – Fractional Real Estate Department

Should I lease my real estate or buy? What are the factors to consider if I do buy? Answers to these questions and much more come from James Pitts, FRED – Fractional Real Estate Department, on this edition of “Decision Vision.” Mike Blake is the host of “Decision Vision,” presented by Brady Ware & Company.

James Pitts, FRED – Fractional Real Estate Department

James Pitts

James Pitts is the CEO of FRED – Fractional Real Estate Department. James is a 20 year corporate real estate professional with experience at Jones Lang Lasalle, Grubb & Ellis, Johnson Controls (JCI) Global Workplace Solutions, and Sheraton Hotels. Most notably, James worked as Solutions Development Director at JCI Global Workplace Solutions where he was responsible for the design of global and regional corporate real estate outsourcing solutions for companies such as Motorola, Barclays, HP, SunTrust Banks, HSBC with annual spends of $50M-$500M.

FRED – Fractional Real Estate Department is a corporate real estate services firm designed to serve middle market companies that don’t have a real estate department but need one. For most businesses, real estate is the second or third highest cost after people, and a lease or purchase of real estate can be one of the longest commitments a company makes. These strategic decisions have cost and business risk implications but are typically left to managers with non-real estate backgrounds and outside real estate brokers to handle. The FRED team is made up of former heads or managers of corporate real estate for Coca Cola, E&Y, Wells Fargo & AT&T with 30+ years of experience each. FRED doesn’t do real estate transactions; they provide analysis, strategy, and manage the client’s process and brokers on behalf of the business. They are paid on a project, cost savings or retainer basis and promise to provide trustworthy real estate expertise.

For more information, go to their website or email James directly.

Michael Blake, Brady Ware & Company

Mike Blake, Host of “Decision Vision”

Michael Blake is Host of the “Decision Vision” podcast series and a Director of Brady Ware & Company. Mike specializes in the valuation of intellectual property-driven firms, such as software firms, aerospace firms and professional services firms, most frequently in the capacity as a transaction advisor, helping clients obtain great outcomes from complex transaction opportunities. He is also a specialist in the appraisal of intellectual properties as stand-alone assets, such as software, trade secrets, and patents.

Mike has been a full-time business appraiser for 13 years with public accounting firms, boutique business appraisal firms, and an owner of his own firm. Prior to that, he spent 8 years in venture capital and investment banking, including transactions in the U.S., Israel, Russia, Ukraine, and Belarus.

Brady Ware & Company

Brady Ware & Company is a regional full-service accounting and advisory firm which helps businesses and entrepreneurs make visions a reality. Brady Ware services clients nationally from its offices in Alpharetta, GA; Columbus and Dayton, OH; and Richmond, IN. The firm is growth minded, committed to the regions in which they operate, and most importantly, they make significant investments in their people and service offerings to meet the changing financial needs of those they are privileged to serve. The firm is dedicated to providing results that make a difference for its clients.

Decision Vision Podcast Series

should my business buy real estate?“Decision Vision” is a podcast covering topics and issues facing small business owners and connecting them with solutions from leading experts. This series is presented by Brady Ware & Company. If you are a decision maker for a small business, we’d love to hear from you. Contact us at decisionvision@bradyware.com and make sure to listen to every Thursday to the “Decision Vision” podcast. Past episodes of “Decision Vision” can be found here. “Decision Vision” is produced and broadcast by the North Fulton studio of Business RadioX®.

Visit Brady Ware & Company on social media:

LinkedIn:  https://www.linkedin.com/company/brady-ware/

Facebook: https://www.facebook.com/bradywareCPAs/

Twitter: https://twitter.com/BradyWare

Instagram: https://www.instagram.com/bradywarecompany/

Show Transcript

Intro: [00:00:01] Welcome to Decision Vision, a podcast series focusing on critical business decisions brought to you by Brady Ware & Company. Brady Ware is a regional service accounting and advisory firm that helps businesses and entrepreneurs make visions a reality.

Michael Blake: [00:00:19] And welcome to Decision Vision, a podcast giving you, the listener, a clear vision to make great decisions. In each episode, we discuss the process of decision making on a different topic, rather than making recommendations because everyone’s circumstances are different. We talk to subject matter experts about how they would recommend thinking about that decision. My name is Mike Blake and I’m your host for today’s program.

Michael Blake: [00:00:40] I’m a director at Brady Ware & Company, a full-service accounting firm based in Dayton, Ohio, with offices in Dayton, Columbus, Ohio, Richmond, Indiana, and Alpharetta, Georgia, which is where we are recording today. Brady Ware is sponsoring this podcast. If you like this podcast, please subscribe in your favorite podcast aggregator and please consider leaving a review of the podcast as well.

Michael Blake: [00:01:02] Today, we’re going to talk about, should your business buy its real estate. And I’m prompted to this question because it comes up a lot. And interestingly enough, I’m actually seeing it come up more now with technology companies under the thesis that a technology company, by acquiring hard assets in some way, makes itself less risky in front of an investor and potentially, even a bank financing candidate.

Michael Blake: [00:01:35] Now, I’m not a real estate expert at all. In fact, I’m a disaster at Monopoly. Both my kids wiped me out. I think that’s because I’m a technology guy, by the way. Because I think in SAS terms, I’m always by the utilities and the railroads because there’s a more kind of recurring revenue as opposed to, you know, idiosyncratic by landing in a hotel in Boardwalk. But the problem is, and spoiler alert, if you do that in Monopoly, you basically die a slow death to your children who do a victory dance over you, by the way.

Michael Blake: [00:02:04] So, don’t be like me in Monopoly. But anyway, real estate is a different animal. And I get asked about real estate a lot because I’m in the appraisal business, but I’m in the business appraisal business. Again, I don’t know anything about real estate. We lucked out when we got a good deal on our house. I truly mean that with no sense of humility whatsoever, that is as factual an assessment as I can offer.

Michael Blake: [00:02:29] But, you know, especially in a market where you have loose credit, you have banks that very much want to lend. And frankly, you know, we are, especially in Atlanta, a real estate town. America’s a real estate society in terms of investment. The allure of buying real estate can have a very strong pull, but I’m not sure that that’s necessarily the right thing to do for many companies. And so, that’s what I want to talk about this day.

Michael Blake: [00:02:57] Because I’ll bet in the sound of my voice with someone who is listening to this podcast that somebody right now is looking at, they’re either looking at buying real estate or they’re going, “Why the heck did I buy that real estate? Now, I’ve got this albatross around my neck.” You know, “What made me do that and how do I get out of that?” And like I said, I’m not an expert on this. And for those of you who have been listeners to this podcast, you know that I know not a lot about much. And so, I bring in subject matter experts to help us figure that out. And helping us today is my friend James Pitts, who is CEO of Fractional Real Estate Development or FRED. That has-

James Pitts: [00:03:39] Fractional Real Estate Department.

Michael Blake: [00:03:40] Department, sorry. Department, FRED, a corporate real estate services firm designed to serve middle market companies that don’t have a real estate department, but need one. FRED’s team is made up of former heads and managers of corporate real estate for Coca-Cola, Ernst & Young, Wells Fargo, and AT&T with 30-plus years of experience in each. FRED doesn’t do real estate transactions but rather, they provide analysis, strategy, and manage the client’s process and brokers on behalf of the business. They get paid on a per project basis, cost savings or retainer, and provide real estate expertise that can be trusted.

Michael Blake: [00:04:18] Now, James himself has a 20-year corporate real estate professional with Jones Lang LaSalle, Grubb & Ellis, Johnson Controls Global Workplace Solutions, and Sheraton Hotels. Most notably, James worked as solutions development director at JCI Global Workplace Solutions, where he was responsible for the design of global and regional corporate real estate outsourcing solutions for companies such as Motorola, Barclays, HP, SunTrust Banks, and HSBC with annual spends of $50 million to $500 million. So, yeah, he’s an expert. James, thanks so much for coming on the program.

James Pitts: [00:04:54] Thanks, Mike.

Michael Blake: [00:04:54] And in spite of my botching the name, I think that the name itself is just awesome. FRED. And nobody’s ever called a Fred anymore, right? You don’t meet very many Freds, right? But it’s sort of just short and to the point and sounds very authoritative. Now, did you have Fred in mind and then, you built the words around it or did you just put those words in papers, “Hey, that spells Fred.”.

James Pitts: [00:05:17] The latter.

Michael Blake: [00:05:17] Is it really?

James Pitts: [00:05:19] Mm hmm.

Michael Blake: [00:05:19] So, my guess is both parts of your brain are working at that point and then, sort of put it down a piece of paper for you. So, well done. Frankly, it’s easier to remember than Brady Ware. So, you’ll get more mileage on this podcast than I will most likely. So, James, you’re obviously the resident expert on this, not just here, but just about any place you go. Why do companies want to buy real estate when they’re not in the business of real estate?

James Pitts: [00:05:45] Well, they typically want to buy it as an investment. Some see it as a hedge against risk. Some don’t like the idea of paying rent and they want to build equity. All valid points, but just not that simple.

Michael Blake: [00:05:58] And how compelling is that argument that real estate is an investment?

James Pitts: [00:06:04] Real estate in the nature of itself is an investment. The question is whether it’s a good investment, depends on the goals and the needs of the investor and what their alternative investment options are. It’s a good investment if the company doesn’t have a better alternative for investing its money. Also, a company has to ask itself if it’s in the real estate business or if it’s really going to be in its core business because real estate can really be a distraction to the core business.

James Pitts: [00:06:31] And I’d like to give you a quick example. We had a client that we worked with for years, lost contact with. They went out and bought their own real estate, built a building, overpaid for land, went through a business downturn, suddenly, couldn’t use all of the real estate. They were upside down in the building and the land that they bought. And they were trying to lease out the space and they had other businesses in their space. And the CEO literally said, “I can’t get any work done because I have all of these tenants.” So, suddenly, their core business was being distracted by the real estate business.

Michael Blake: [00:07:06] And, you know, I think that’s important because on the outside looking in, if you’re not in real estate, it must look easy, right? You buy a property, you own it. You just sit back and you let the income roll in or let the savings roll in. And then, at some point, you sort of dispose of it. But as a homeowner and not a very good one, by the way, it’s amazing I still have all of my fingers, frankly, owning real estate, even very basic real estate is an effort and there’s further costs in upkeep, right? So, that doesn’t go away just because now, you own a factory or a warehouse or an office building, right?

James Pitts: [00:07:46] Well, yes. And so, when the roof has a leak, that’s on you. When you have the HBC system go out, that’s now on the business. So, suddenly, instead of making a phone call, you’re managing that, paying for that, checking on that, and just dealing with that.

Michael Blake: [00:08:02] So, we talked a little bit about what are the reasons for wanting to own real estate. What conditions typically lead to a company finding that real estate ownership is beneficial to them? What does a company kind of look like that is a good candidate for that?

James Pitts: [00:08:19] Well, for example, you have a specialized use. So, maybe you need land or maybe you need a certain building that unless you own it, the landlord will not let you perform your operations at a core to your business. Let’s say there’s a specialized use of land or buildings that may require large capital outlay to construct. For instance, a movie studio with a purpose-built sound stages, water stage, back lots, et cetera, will want to own the real estate.

James Pitts: [00:08:49] We had a client from South Korea that needed to test its rubber treads on a proving ground. Imagine a Jeep obstacle course, three acres next door. Industrial buildings aren’t designed to have like a three-acre playground next door. So, they literally had to buy a building actually and then, buy the land next door, and build their proving ground. Otherwise, they wanted to lease. They didn’t want to get into the ownership. But because of their use, no one would let them do that.

Michael Blake: [00:09:24] Right. So, at some point, you got to be the person that gives yourself permission to do it, right?

James Pitts: [00:09:28] Exactly.

Michael Blake: [00:09:29] So, you have to own it in that case.

James Pitts: [00:09:29] Exactly.

Michael Blake: [00:09:30] Right? So, you know, in home ownership, there’s a rule of thumb, the basis, unless you’re going to be in the property for five, six years, don’t buy because by the time you factor in all the transaction costs and so forth, it just doesn’t make any sense, right? Keep on renting. Is there a similar rule of thumb time frame in the commercial business area?

James Pitts: [00:09:56] Well, real estate cycles are typically seven to 10 years long. If you want to talk about that cycle, you have declining prices, rents and construction, then that leads to absorption of excess supply, that leads to low vacancy, which leads to increasing prices and rents, which leads to accelerate new construction. At some point, as you go around the circle, you get to oversupply and then, you have high vacancies, which is typically when you want to buy at that lower end of the cycle. Right now, in Atlanta, we’re at the high end of the cycle. So, it’s really a landlord and sellers market. So, from a real estate cycle, if you’re going to be in it, at least seven to 10 years. And we’ll really talk about that probably and some of your other questions about the life cycle of a business as well.

Michael Blake: [00:10:44] So, I’m going to go off script a little bit, but I know it’s a question I want to get out and I think it’s going to be of a lot of interest, which is, you know, as you walk in as the Fractional Real Estate Department for your clients, how much of that work is taking over the management of their properties and how much of it is reversing buyer’s remorse and helping them kind of liquidate, you know, “What have I done?” And sort of get rid of that. How often do you encounter that latter scenario?

James Pitts: [00:11:14] We’re working with a client right now that the previous CEO leased three times as much space as they need. They are actually laying off people right now while they spend an extra $250,000 a year in excess real estate costs. So, sometimes, the first thing you have to do is come in and do an analysis and then, come back with a strategy of how do we fix what you’ve inherited. And the previous CEO signed an eleven-year lease, so they still have eight years of pain.

Michael Blake: [00:11:44] And so, I’ll continue off the script, but I’ve got to follow that question up. So, you know, in some cases, can you then lease that out to try to get a—you know, or sublease, or something like that?

James Pitts: [00:11:56] You can sublet it. You can sell it. You can try to work with the landlord to get out of it. The goal for FRED is to keep people from making these sorts of costly mistakes.

Michael Blake: [00:12:07] Yeah.

James Pitts: [00:12:07] And then, reduce the expense, increase EBITDA, and reduce risk. But what you find, and I used to manage some of the Fortune 500 real estate portfolios when I was at JLL, is that real estate’s the hidden dragon on earnings. And people just don’t realize it. And that even big companies make huge mistakes. And then, that gets multiplied across portfolios. And then, everyone says, “Well, why are we doing this?” “Well, because everyone else did it.” And that’s what it’s always been. We’ve been in this position, in this location for 20 years. And it doesn’t really match anything that the business is doing today.

Michael Blake: [00:12:41] And do you find that businesses may think they know more about real estate than they do because they’re good at the business, but real estate is just different animal? Like I said, I’m a business appraiser, but I’m not a real estate appraiser. Is real estate just fundamentally a different animal?

James Pitts: [00:12:55] Everyone other than you believes that because they bought a house that they’re a real estate mogul. So, they believe that they know a lot more about real estate. It’s something they don’t deal with every three to five years. And when you think about it, real estate is one of those commitments that a company makes that goes three to five years out. Most businesses can’t see that far. And who knows what your strategy or your operations or your sale is going to be in three to five years. And the real estate does not care.

Michael Blake: [00:13:21] No, it doesn’t, right? I’ve never seen the real estates, “Oh, man. I’m sorry”, you know.

James Pitts: [00:13:26] Yeah, the landlords-

Michael Blake: [00:13:27] We’ll just let you out.

James Pitts: [00:13:28] Oh, yeah. Yeah. “Sorry, you guys had a downtime.”

Michael Blake: [00:13:30] Have to reset.

James Pitts: [00:13:32] Yeah.

Michael Blake: [00:13:32] So, getting back to the primary conversation. So, we’re in a cheap money cycle right now. Feds just lowered interest rates three times in the last three or four months or so. How much should that be a factor in driving the real estate purchase decision? I mean, on some level, obviously financing is cheaper, but is it that simple or does that need to kind of be mixed in with some other considerations?

James Pitts: [00:14:00] So, great question. Depends on the cycle. Even before you get to that, you really have to look at, does a company have excess cash that it can’t really invest back in its operations? Are they stable? Like have they grown to the point where they aren’t going to outgrow the space that they buy? Because why buy it if you’re gonna outgrow it? Now, suddenly, you’re in the real estate business. And, you know, are you in some type of low-margin business where you get a greater return by putting your money in the real estate?

James Pitts: [00:14:32] But let’s talk about cheap money. So, the cheap money of the late 2007s and 2008s actually caused the real estate bubble. So, that led to that balloon. People who bought early in the cycle did well. People who came at the end with that cheap money and bought at the height of the cycle, like we are now, when prices were inflated, got hurt. After the crash, money tightened considerably and people with cash came back and bought things cheaply. Sold as the market was coming back up. And now, we’re back toward the top of market. So, I’d say that the cheap money is there, but it could lead you into bad decisions.

Michael Blake: [00:15:13] Yeah. So, the cheap money could be a sign, right, that maybe the timing is off. And again, I think that that requires a specific real estate expertise to really understand and read the market, right? Certainly, I can’t do it. So, now, there’s an argument out there that companies make that they want to own their real estate because it’s a hedge against risk. How do you respond to that? Is that often a reasonable argument or is that just somebody talking themselves into doing a real estate deal?

James Pitts: [00:15:44] The latter.

Michael Blake: [00:15:45] Is it?

James Pitts: [00:15:45] It could be. So, it depends on what risk you’re worried about, right? So, there’s investment risk and there’s business risk. So, if you have a basket of equities, fixed income, cash alternatives, alternative investments, and real estate, you are diversified. Real estate typically lacks business downturns by six to eight months. So, if there’s a general drop in the economy, then the real estate will eventually fill that. And if the company bought the high of the market, you can suddenly be under water with regards to the value of your property in which you paid for it.

James Pitts: [00:16:18] The mortgage payment is still the same. The company may have to downsize, but your costs are still the same for your real estate portfolio. And it’s hard to sell asset in the downturn as well. So, if you’re trying to use—real estate does follow business cycles. So, it’s not necessarily a risk against that. And you also have to say, “If buying real estate makes your business operations riskier, you shouldn’t do it.” But if you’re at a point where purchasing the real estate, you know, lessens risk or doesn’t impact your risk profile, then you can look at that as a separate investment.

Michael Blake: [00:16:53] And I think what you’re talking about is the operational risk-

James Pitts: [00:16:56] Exactly.

Michael Blake: [00:16:56] … of the company, right?

James Pitts: [00:16:57] And correct me if I’m wrong, but the way I interpret what you just said is that one of the dangers is a business can undertake gymnastics that they would not normally undertake in order to get into the real estate game just because there’s cheap money and they feel like that there’s sort of a momentary opportunity. That sounds like a path to trouble.

James Pitts: [00:17:20] We see it a lot where once people get into their brain, “I’d like to own something and build equity”, they will do unnatural things to accomplish that that may not be in the best interest of the business. So, for instance, we had a service company growing rapidly up to 60 people. They were leasing 2,600 square feet. People were literally on top of one another. The owner said, “I want to go out and buy something.” And we said, “Well, you’re still growing. So, let’s lease 13,000 square feet for five years. That gives you plenty of room to grow. And then, once you get to a point where you’re stable and you’re not growing, maybe that’s when you buy a specialized site for your business.” And I said, “Plus, you’re at the top of the cycle. So, why would you buy now? There’s no equity in it.”

Michael Blake: [00:18:07] Right. Buy high, sell low is not a successful business strategy for most, right?

James Pitts: [00:18:12] Exactly.

Michael Blake: [00:18:13] And, you know, that gets to something that I encounter a lot, which is, as you know, I do a fair bit of work in the emerging tech sector, right? And, you know, to me, buying a building when you think you’re going to grow, right? And tech companies grow rapidly. They don’t add two or three people, right? If they don’t catch fire, it doesn’t matter. But once they catch fire, they’re adding people at a hundred a time, right?

James Pitts: [00:18:37] Right.

Michael Blake: [00:18:37] I wouldn’t say you can’t, but, boy, it’s got to be hard just to buy your way out of that problem every time through.

James Pitts: [00:18:46] Exactly. It’s like buying a 15-year old boy a pair of $400 sneakers. Right. You’ll be out of them in two months.

Michael Blake: [00:18:54] Right. Right.

James Pitts: [00:18:56] So, why do it?

Michael Blake: [00:18:56] Right. Yeah. Now, that’s fair. That’s fair. So, let me ask this a little bit off script. But what about the lease-to-own deals? Do you see a lot of those? And if so, do they change the dynamic at all?

James Pitts: [00:19:12] Oh, lease-to-own. I don’t see a lot of that. Not at a corporate level. You see that more so in a residential level-

Michael Blake: [00:19:21] Okay.

James Pitts: [00:19:21] … who would do a lease-to-own. But now, some people may lease and they’ll have an option to purchase later.

Michael Blake: [00:19:28] Yeah.

James Pitts: [00:19:29] You know, if they think that they’re gonna really like the space. But you don’t see too many of those.

Michael Blake: [00:19:35] Okay. What are some of the hidden costs owning the real estate?

James Pitts: [00:19:40] Oh, so those are capital improvements that you weren’t expecting. If you’re in a building and you decide you don’t need all of it and you have a vacancy, so now, you’re inefficient. Maybe you did a floating rate loan or a swap loan and rates are changing on you, and they’re not going in your direction. We actually had a client that the rates right now, like if they were to sell the building that they’re in, they’d owe $200,000 versus if the rate stayed where they used to be, they’d get a check for $300,000 of repairs and maintenance.

James Pitts: [00:20:17] We did a project for a large nonprofit here in Atlanta that owned the building with very little debt. They had about $5 million in deferred maintenance on the property. They were trying to figure out what they would do with the building. They were in about half of it, in 40,000 square feet with three tenants. They weren’t getting any new tenants. And we did a study and looked at what their other costs were, including the maintenance people that they had on staff. And they didn’t realize all the hidden cost in it.

James Pitts: [00:20:47] And we ended up selling the building for them, reducing their space. They got $2 million above what the market was offering. And then, by reducing their space and making them more efficient, we save them $3 million on their lease. So, they were like, “How did you make leasing a building cheaper than owning a building and put $5 million in our pocket?” Like, you know, it was a lot of financial engineering. Just looking at—that the real estate didn’t match your needs, you know, financially or even their people.

Michael Blake: [00:21:18] Well, and that goes to knowing the real estate market, right? And knowing what the market will bear and kind of what the terms are, and, you know, being able to use that as a negotiation point, right?

James Pitts: [00:21:30] Mm hmm.

Michael Blake: [00:21:30] I mean, again, you know, real estate is one of those things, it bears repeating, it looks easy, but it ain’t.

James Pitts: [00:21:38] It is really not.

Michael Blake: [00:21:40] So, how much should an opportunity to acquire real estate is sort of like as a good deal? How much does that drive or should it drive the discussion? You know, maybe your building is just going to be sold. Maybe there’s an estate situation, divorce situation, like that, and the son has got to sell, so it’s going to—if you can kind of do the deal quickly, it’s going to go for below fair market or market value, how much should that play into that lease-versus-buy decision?

James Pitts: [00:22:13] And I think we have to make sure that if your core business is your priority, as long as you check all the boxes and purchasing the building does not impact your core business, which is really your bread winner, then you can consider it, if it’s a great deal. I mean, if it’s a deal that if, for some reason, you need to sell it or lease it out and you could lease out, say, maybe 70 percent and that would easily cover your mortgage, you should consider it. You know, but if it’s an arbitrage opportunity, you should consider it. If it’s a great deal, you should always consider that.

Michael Blake: [00:22:49] Okay. And what about the argument that real estate can be used as a way to diversify the assets of the company or sometimes, the assets of the owner that is not necessarily that clearly separated from the company because it’s sort of one of the same? How compelling is that argument?

James Pitts: [00:23:08] So, that can be a sticky wicket. It can also be a great strategy. Some owner, company owners purchase building and lease it back to the company, and let the company expense the rent payments while paying off the mortgage on the property, then the owner can personally tap the built up equity in the property without taxation. If the owner expects to sell the company, then they may have to unwind or restructure their intertwined real estate in their business to make it attractive to the buyer.

James Pitts: [00:23:38] We were talking to a private equity firm out in California and the owner sold—they bought a business, the owner sold it to them, and it was 150,000 square foot warehouse. They only need 50,000. He had them as part of the deal, signed a 10-year lease for 150,000. So, they were suddenly stuck with three times as much space as they needed. And they were lamenting that they didn’t make him unwind that. So, you have to be clear, if you’re trying to exit your business and you now have some real estate obligations, it could affect your valuation.

Michael Blake: [00:24:14] Now, we tussled on this a little bit before, but I want to make sure that we address this explicitly. How important is the decision whether or not you need to kind of build your own custom real estate? We talked about customizing a building that you own. But now, I want to kind of move kind of, you know, a step further. What about kind of building your own real estate versus buying something that may or may not suit you on the existing market? How often do you encounter that? Does that build versus buy change the business discussion at all?

James Pitts: [00:24:48] So, it can. If your movie studio is custom-built, then it’s really important to buy and build your own. Back to that one client of ours who built their own building, they bought the land too expensive. Right now, construction costs are really high in Atlanta. But they’ve done that in 2010. Much better deal, cheaper land, cheaper construction costs. So, what we found is that given the costs of construction right now with the steel tariffs and just the land costs, there’s a lot of existing buildings that you can buy that are actually cheaper than in building right now in this particular part of the cycle.

Michael Blake: [00:25:31] And-

James Pitts: [00:25:32] And it just depends on where you are in the cycle-

Michael Blake: [00:25:33] Sure.

James Pitts: [00:25:35] … basically.

Michael Blake: [00:25:35] Okay. And I guess to some extent, too, if you can actually find someone to build the building, right, at the top of the cycle-

James Pitts: [00:25:40] Right.

Michael Blake: [00:25:40] … it’s-

James Pitts: [00:25:41] Everybody’s busy. Right.

Michael Blake: [00:25:42] Everybody’s busy. Right. So, you don’t even get out of radar screen unless you have a big job to begin with.

James Pitts: [00:25:47] And for one of our South Korean clients, we actually did a study of, do you buy a building or do you build it? And it came out, it would be easier to buy a building, existing building, renovate it, and do what you needed to do next door than to just build from the ground up.

Michael Blake: [00:26:08] I wonder if there’s kind of a conceptual benefit there, too. You know, my parents built a house and the thing that I learned from that process, I’ll never build a house because it seems to me that if you’re trying to imagine a structure from the ground up, there’s just nothing there today. And then, a year from now or two years, you know, there’s going to be a building. Just seems like so many things can go wrong and there’s not going to be the way that you visualized or to make them the way that you visualize them is going to be prohibitively expensive along the way.

James Pitts: [00:26:42] Depends on where you are in the cycle.

Michael Blake: [00:26:43] Yeah.

James Pitts: [00:26:44] But you have architects for that.

Michael Blake: [00:26:45] Yeah.

James Pitts: [00:26:45] Architects and civil engineers, and they can deliver exactly what you want.

Michael Blake: [00:26:49] So, are there any rules of thumb around a company’s finances in terms of how much cash to have in the bank or how profitable they are or how, I don’t know, sort of reliable their profitability is that maybe goes into your calculus as to whether or not you advise a client to buy versus lease?

James Pitts: [00:27:08] So, in general, real estate as an investment, I’ve read somewhere, returns about 7 to 8 percent of the long-term as an investment. If the business return—if your margins on your business are 20 percent, and why wouldn’t you invest that in your business, if you still have the opportunity to grow? So, people get, “Oh, I want own real estate and I’m gonna build up equity.” But if you can put that money into your people, if you can leave the risk of ownership of real estate to a landlord so that if you shrink or grow, you can go elsewhere versus now, I have a building and I have to do the capital improvements. And I have to pay the taxes on it and if I grow or shrink, it stays the same. So, there’s a business risk there.

Michael Blake: [00:27:59] You know, I want to come back to that or stay on that, actually, because I think that’s a very important point. You know, many of the drivers I see for buying real estate lie in something else other than directly operationally imperative to the business, right? Sometimes is. And I think we’ve covered that. You know, rule number one is make sure that that decision is driven by the operational imperative-

James Pitts: [00:28:24] Right.

Michael Blake: [00:28:24] … not because of something else that you want to do. And, you know, there’s no law that says, if you have excess cash or even excess borrowing power that you have to buy real estate with it, right?

James Pitts: [00:28:36] Right.

Michael Blake: [00:28:36] Or if you want to buy real estate, you know, buy into a read, right? You can get real estate exposure that way.

James Pitts: [00:28:42] Or buy an actual investment property that’s not attached to your—if you have extra cash, maybe you go and buy another real building that has tenants in it.

Michael Blake: [00:28:54] Yeah.

James Pitts: [00:28:54] And you manage that as a separate investment. But now, you sort of linked your business to your real estate and they’re intertwined. Let’s say you have partners in your business, there’s three or four partners, and Ted decides to leave the company. And now, you know, you have to unwind the real estate side of it and the business side of it. And maybe Ted didn’t want to get out of the real estate side or, you know, you have to make sure all the interests are aligned on the real estate side as well.

Michael Blake: [00:29:22] So, one other question I want to ask as we move towards wrapping up here is, a company can accidentally acquire real estate through an acquisition, right? And although I’m confident in most cases, a company isn’t necessarily surprised that it owns real estate, but I think that I’ve certainly seen the case where the acquirer spend so much time performing due diligence in the company that they feel that the real estate is a sort of a side gig or a throw away or something. And then, all of a sudden, you wind up owning it and maybe they should have done due diligence on that or sometimes, you’re even forced to buy the real estate. The seller will not sell unless you take the whole thing, business and real estate. How often do you see that? And if you do see that a lot, in your mind, is that a complicating factor in the M&A process?

James Pitts: [00:30:15] I definitely think it’s a complicating factor. Part of what FRED services we offer to come in as a part of that M&A process is to look at the real estate and say, “Here are you trailing obligations from a real estate perspective and here’s how you need to account for that, because either you’re going to end up with some excess cost or some real estate that you don’t need, and maybe, you should make that a part of the negotiation” versus “You take this”, and suddenly, you basically paid the seller twice. And that you paid them for the business, you paid them for the real estate. Now, you take the loss on the real estate. And that’s not a choice that you make. You actually came there for the business.

Michael Blake: [00:30:56] So, if somebody wants to learn more about this process, they have a question about their own real estate decision they’re looking at, how can they contact you?

James Pitts: [00:31:05] Please feel free to e-mail me at james.pitts, P-I-T-T-S like in Pittsburgh, @fred, F-R-E-D,-solution.com. And love to hear from you.

Michael Blake: [00:31:19] All right. And that’s going to wrap it up for today’s program. I’d like to thank James Pitts so much for joining us and sharing his expertise with us and telling us about his company, FRED, Fractional Real Estate Department. We’ll be exploring a new topic each week. So, please tune in so that when you’re faced with your next business decision, you have clear vision when making it. If you enjoy these podcasts, please consider leaving a review with your favorite podcast aggregator. It helps people find us so that we can help them. Once again, this is Mike Blake, our sponsor is Brady Ware. And this has been the Decision Vision podcast.

Tagged With: CPa, CPA firm, Dayton accounting, Dayton business advisory, Dayton CPA, Dayton CPA firm, Decision Vision, diversification, diversification into real estate, Fractional Real Estate Department, FRED, hidden costs of real estate, lease to own, Michael Blake, Mike Blake, real estate

Inspiring Women, Episode 16: Becoming a Woman of Influence

December 11, 2019 by John Ray

Betty Collins, Brady Ware
Inspiring Women PodCast with Betty Collins
Inspiring Women, Episode 16: Becoming a Woman of Influence
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Betty Collins, Brady Ware
Betty Collins, Brady Ware & Company

Inspiring Women, Episode 16:  Becoming a Woman of Influence

Influence is merely the capability to have an effect on the character, development or behavior of something. Do you want to be that woman of influence? Host Betty Collins discusses what it takes to expand your influence on this edition of “Inspiring Women,” presented by Brady Ware & Company.

Betty Collins, CPA, Brady Ware & Company and Host of the “Inspiring Women” Podcast

Betty Collins, Brady WareBetty Collins is the Office Lead for Brady Ware’s Columbus office and a Shareholder in the firm. Betty joined Brady Ware & Company in 2012 through a merger with Nipps, Brown, Collins & Associates. She started her career in public accounting in 1988. Betty is co-leader of the Long Term Care service team, which helps providers of services to Individuals with Intellectual and Developmental Disabilities and nursing centers establish effective operational models that also maximize available funding. She consults with other small businesses, helping them prosper with advice on general operations management, cash flow optimization, and tax minimization strategies.

In addition, Betty serves on the Board of Directors for Brady Ware and Company. She leads Brady Ware’s Women’s Initiative, a program designed to empower female employees, allowing them to tap into unique resources and unleash their full potential.  Betty helps her colleagues create a work/life balance while inspiring them to set and reach personal and professional goals. The Women’s Initiative promotes women-to-women business relationships for clients and holds an annual conference that supports women business owners, women leaders, and other women who want to succeed. Betty actively participates in women-oriented conferences through speaking engagements and board activity.

Betty is a member of the National Association of Women Business Owners (NAWBO) and she is the President-elect for the Columbus Chapter. Brady Ware also partners with the Women’s Small Business Accelerator (WSBA), an organization designed to help female business owners develop and implement a strong business strategy through education and mentorship, and Betty participates in their mentor match program. She is passionate about WSBA because she believes in their acceleration program and matching women with the right advisors to help them achieve their business ownership goals. Betty supports the WSBA and NAWBO because these organizations deliver resources that help other women-owned and managed businesses thrive.

Betty is a graduate of Mount Vernon Nazarene College, a member of the American Institute of Certified Public Accountants, and a member of the Ohio Society of Certified Public Accountants. Betty is also the Board Chairwoman for the Gahanna Area Chamber of Commerce, and she serves on the Board of the Community Improvement Corporation of Gahanna as Treasurer.

“Inspiring Women” Podcast Series

“Inspiring Women” is THE podcast that advances women toward economic, social and political achievement. The show is hosted by Betty Collins, CPA, and presented by Brady Ware and Company. Brady Ware is committed to empowering women to go their distance in the workplace and at home. Other episodes of “Inspiring Women” can be found here.

Show Transcript

Betty Collins: [00:00:00] Today, becoming a person of influence … In fact, today, because this is Inspired Women, I’m going to say becoming a woman of influence, right? I’m going to start with this. I love a certain movie, and I bet I’ve watched this a hundred times; I’m not kidding. My husband will come home and can’t believe I still have this on, but it’s “Two Week Notice,” with Sandra Bullock, who plays Lucy Kelson, and Hugh Grant, who plays George Wade. Sandra Bullock is an activist and she is a “cause” – I’m putting that in quotes – per Hugh Grant in the movie.

Betty Collins: [00:00:32] He says that, at some point. She is very passionate about architecture and preserving historical buildings that have meaning. They’ve been in the community forever. How dare you take this down? Right? On the other hand, he’s a developer, and he tears down buildings, and he puts up new ones that are nothing like the historical buildings, of course, that she loves. He’s that big corporate America; she works for all these legal aid things and does all the good work. They are night and day. He grew up wealthy. She grew up poor. I mean, they have nothing in common, really.

Betty Collins: [00:01:08] Needless to say, her method is that she would protest, and take her protesters, and they would stand in front of buildings when they were trying to tear them down. For a while, it would work, and all three people that she had protesting with her … Then they would take them, and she would go into jail, and her parents would bail her out. One of those times, the parents were- they were coming, of course, out of the building- or out of jail, actually. The parents had paid her bail, and she looked at her parents and said, “Did they tear the building down?” They didn’t say yes. They didn’t have to. She just looked at her parents and said, “I’m just not getting through.” They said, “Let’s just go to dinner …” She goes, “No. I gotta go home and think about this one.” That line stayed with me – “I’m just not getting through.” In other words, she wasn’t influencing anything.

Betty Collins: [00:02:03] How many times have you had that passion, something in your heart and soul, right? And you have no results? You have that “I’m not getting through.” In reality, no influence. Influence can be applied to many things. Maybe you to influence and have a following. Maybe you want to push an agenda, be impactful. You have a passion. You have a cause, like Lucy Kelson. Today, we’re going to talk about becoming that person of influence.

Betty Collins: [00:02:31] Influence is merely … It’s the capability to have an effect on the character, development, or behavior of something. Do you want to be that woman of influence? I hope so. We’re counting on you, actually. The movie is not real life, of course it’s not. It’s not. It’s fictional. But Sandra Bullock acted out and was determined to have influence about historical buildings. She really wanted the community center where she grew up to stay intact. But she had enough insight in that moment, when she saw her parents look that they had torn down another building, that it was not working, so she changed the way or the approach to influence her agenda of historic preservation.

Betty Collins: [00:03:18] I don’t know what your historic preservation issue is, but I’m sure there’s something out there that you would like to have more influence on. Well, the approach was very uncomfortable, and she had a mindset change to her method to her madness. Instead of having her and three people go protest, she ends up approaching Hugh Grant, as George Wade; the rich kid, the playboy, the guy who’s kind of everything she can’t stand. She ends up working for the guy who’s tearing down the buildings. Now, it’s a movie, and I get that, and I would call … But if that was real life, and you decided, “I’m going to now get in and get with that person,” like I talked in my last podcast – the decision maker, the person who makes things happen – that’s exactly what she did. It was bold. It was tenacious. She wasn’t comfortable. Confidence- she was confident in her passion, but it took a lot of … She’d be courageous now.

Betty Collins: [00:04:18] Okay, it’s a movie, but it could be real if you applied it to your situation. How are you going to change your mindset? How are you going to change your method? Are you going to do something a little more bold and tenacious to make it happen? Of course, Lucy Kelson did that. More on Lucy Kelson later. But before we continue, I want to think about the influence you have now or that you would like to have. Are you just not getting through to some aspect of your life or a situation, maybe in your family, with your kids? You know how that is. Bosses, customers, the career path. Think on it. Don’t just listen to my podcast, but really think on it. Define it, put it on the table, write it down, and then say it out loud. “I want to influence …” and make some change to becoming that influencer, so you get through where you need to.

Betty Collins: [00:05:12] To influence others, in other words, it’s not really optional to do these things, and it’s a lot. So, listen closely and get the transcript on these next few things, because this is not for the weak; it is not for the weary. You must go beyond general expectations, and you must reach for limits above the norm. You must have total confidence in yourself and what you are attempting to achieve, but you also have to be courageous. It’s one thing to be confident, but to stand up in the room and say what you need to say, that takes courage. You’ve got to provide words and wisdom to others who are seeking to obtain it. Then, you have to understand the impact, yourself, of maybe that historical preservation/community center staying. I don’t know. Show others that these things can be realized. Again, this is not for the weak, and it is not for the weary.

Betty Collins: [00:06:07] I’m going to give you some tips on how do I get through? How do I become that woman of influence? Well, first, you’ve got to focus on resonating with the audience. You’ve got to know the person or the group you’re trying to influence. I think, in the movie, that’s what she was doing. “I’ve got to get to know George Wade, and who he is, and get beside him …” Of course she got … It’s a movie, so it’s kind of … Go watch it, and you’ll see what I’m talking about. In her case, she said, That’s what I got to do. It’s no longer enough. I got to get to know this person and figure it out.”

Betty Collins, Brady Ware: [00:06:40] Begin with your audience and create generosity for them. I know that when I speak publicly, if I don’t get to know that audience, I will not connect, I will not resonate, and they will be on their phones. You have to benefit. You have to give them some kind of positive experience. That’s really just called you’ve got to make a resignation. Here’s a great quote, when you’re figuring out that audience or that person of who you’re trying to get to. “If you talk to someone about themselves, they’ll listen for hours.” I’m going to say that again: “If you talk to someone about themselves, they’ll listen for hours.” People will immediately like you, if you show interest in them first. We don’t do that well, often, today.

Betty Collins: [00:07:27] You’ve got to learn about who they are, what they are, what they dislike, what their favorite sports are. Make yourself more likable, and maybe you’ll gain some trust. I have a great example that. I was interviewing a very large client, and I really wanted this client. I went in there not really having any ability to resonate with this person. The more I tried to sell myself, and sell my company, and talk about myself and all those things, the interview was over before it started. Fortunately, I was perceiving that. I had good perception.

Betty Collins: [00:08:12] Then, I realized I just need to wind this down. She’s not interested. I saw two pictures on her desk, and one of them was … It looked like a place I had gone to. So, I said, “Hey, do you travel a lot?” She goes, “We love to travel. We live to travel.” I said, “Oh, is that St. Lucia? She goes, “It is.” Completely different conversation. We talked travel for 10 minutes, and we talked about everywhere we had been. She talked about all over, and it was personal for her, because it was with her husband, and her children, and a lifetime of those things. I was able to now resonate with that audience. I made a connection. Then, at the end, she said, “Get me the contract, and let’s get started.” It was the most bizarre thing I’ve ever …

Betty Collins, Brady Ware: [00:09:01] But I learned from that, that first thing, I went in … I try to do this now. I look around the room. What is the audience? Even if it’s one person, what is in their office? What are they – what resonates with them? If you want to influence, you’ve got to resonate. You got to know your stuff. If you want to be an influential person, you’ve got to know your stuff, and you’ve got to be incredible.

Betty Collins: [00:09:23] Lucy Kelson, played by Sandra Bullock, knew her stuff about historical preservation. She just did. She could go on, and on, and on about it. Now, Hugh Grant didn’t hear her, but she knew her stuff. She gained knowledge. She knew her research. When it really came to the moment where she could actually work for somebody like him and be there, he then began to go, “She knows. She’s credible. She might be a liberal, and I’m a conservative. She might be frugal, and I’m excessive,” but she knew her stuff; she had credibility; that took her a long way, and it kind of- she gained some authority because of that.

Betty Collins: [00:09:58] It’s funny, in the movie, now, he can’t make a decision without her. Everything is what she thinks, right? But knowing and research, you have to do that. You have to know, if you want to be an influencer, and it doesn’t matter what it is. If you want to help someone at your church, and you want them to know the Bible; if you don’t know it, it means nothing that you’re trying to help them. If you are in a situation where you’re trying to help someone sell something, and you’ve never sold anything in your whole life; doesn’t help. You’ve got to know your stuff to be credible.

Betty Collins, Brady Ware: [00:10:27] It’s our nature to listen to those who know more. It also is our nature to not listen to people who know more. Sometimes, the smartest person in the room is “the expert,” and they get attention because you’re stuck with them, because they’re expert. You don’t want to be in that but know your stuff and be credible.

Betty Collins: [00:10:47] Build your strategy and process first. To become influential, you’ve got to be intentional. I’m sure you’ve heard that. But those who plan, influence; those who think first, influence; those who are paralyzed by the plan, don’t influence, by the way, so don’t get too wrapped up in that, because if the plan sits on a shelf and collects dust, it means nothing. In order to have a real plan, you’ve got to think it through, but then you’ve got to go, “Here’s how I’m going to process this,” and then you will influence.

Betty Collins: [00:11:16] I know in Brady Ware, with our women’s initiative, I really did sit back and go, “What is the purpose? What is the mission? How do I want this to go? What is it I really want to achieve at the end of the day?” Then, I began executing things in pieces, and in five years, Brady Ware can’t believe how we’ve grown this to what it is. But it took a lot of that. Now, I’m pretty influential in Brady Ware, when I go in and say, “I think we should do this for women.” A lot of times, it’s just a given, because I’ve done my homework, I know my stuff, and I have a credible reputation. But then, I build a strategy, and I continue to change the strategy.

Betty Collins, Brady Ware: [00:11:53] The other piece is you’ve got to find your unique voice, when you want to influence. You can be the norm. You can be like everybody. You can be a copy, or you can be original. You’ve probably heard that. The key difference between influencers who make it and those who don’t is really not about how hard you work. That’s good stuff. It may not be that you are the big producer … People wear that badge of honor and thump their chest – “I’m the biggest! I’m the best! I’m doing all this!” – but it doesn’t mean that they are always going to be heard. In fact, sometimes people don’t want to hear about how hard you work and how good you are. They will be inspired by you, if you have a unique voice or method in how you communicate or how you do something.

Betty Collins: [00:12:38] There’s a funny part in the movie. It’s the envelope part of the movie. Now, of course, Hugh Grant can’t make one decision without Sandra Bullock. She knows her stuff. She’s credible. She’s on it. She’s gained his trust. On and on … So ,he brings her these two envelopes, and she’s like, “These are the same envelopes. I don’t know what the debate is?” He’s describing it to her, and she’s still going, “I don’t know what the debate is? They’re both not made with recycled paper, so I wouldn’t buy either of them.”

Betty Collins: [00:13:07] Then she goes, and she licks the envelopes, and see how they seal. He goes, “What are you doing?” And she goes, “Well, you’ve got to see if they seal well,” and she’s licking to see how they taste. He was like, “I’ve asked a hundred people this same question, and you’re the only one who came up with this answer.” That stuck with me, because I just think about these things. I don’t know why … She just had a unique way of helping him make decisions or getting him to where he needed to go. Again, it’s a movie, but the principle is there. Never underestimate the uniqueness of how you leverage; your voice will be heard differently, versus just, “I work hard, so I should be heard,” or, “I’m the biggest producer, I should be heard.” Those are things that are out there.

Betty Collins: [00:13:48] You’ve got to be consistent, period. To create trust and connection, you’ve got to be consistent. Deviation is okay, but consistent rules the day. I’m sure you’ve heard this – if you want to be influenced … You want to be the influencer, and not be influenced. Not that that’s bad but being authentic and building trust; you’ve got to be the real deal. People can read through that. It’s critical to stay that way. It’s critical to be transparent. People want to connect with people who are the real deal and are trustworthy. I see that in all levels and positions at Brady Ware. When you have somebody who just- you know that they are going to be authentic, and you can trust them, you’ll deal with them a lot more, you’ll use them a lot more, and you’ll probably support them when they need it a lot more.

Betty Collins, Brady Ware: [00:14:37] Another thing I didn’t … As I was doing my research for this podcast today, focusing on the metrics that matter … It seems like all I hear about right now are metrics and measuring, but influencers having impact need to measure metrics, and they need to measure the right ones. My good friend, Sheri Jones, she has a company, Measurement Resources, that measures outcomes. She has convinced me, over and over, it’s important, and it’s valuable, because I see results with it. But, at times, as an influencer, you think if you are dealing with metrics like ‘I have this many employees, and my company’s bigger, and now I’ve gotten to this revenue; my office is now the corner, and it’s the biggest; or my LinkedIn connections have hit 1,500; or, hey, I make more money …’

Betty Collins: [00:15:27] Those are all good metrics and things to shoot for. But you probably will have better results as an influencer if you focus on two things. Engagement; engagement with employees, engagement with customers, people that totally … You’re engaged and, no matter what, there’s a strength in that. So, engagement is huge. You can do all you want for employees; if they aren’t engaged and own it, and they’re … It’s not nearly as effective. So, measuring engagement is proven to be something that’s huge. It’s not just that I saw five people and have five contacts; It’s did I engage with them? Did I make a connection with them? Going again back to I knew my audience, and I was able to talk about St. Lucia, and it all came to full circle. That’s engagement; not talking about what I do, and how hard I work, and what we can do for you.

Betty Collins: [00:16:20] Then, the return on your investment. There are things that you can do in any organization, where you might put a lot of metrics on volume and sales. If it’s the wrong sale, and you don’t make any money, it doesn’t matter. So, measure what is bringing back to you. I can make this much money on these things, so obviously, it’s adding to my cash, or paying off my debt, or it’s I now have reinvestment money. People who are pretty influential measure those things that matter. The two metrics are engagement, and the other one is return on investment.

Betty Collins: [00:16:59] You’ve got to be vulnerable but smart. Opening up about your struggles and fears; some people do that better than others, but it’s tough. Doing so, though, helps you connect to that audience. It definitely humanizes you, because we all are. I’m not saying that you need to tell your life story every day. Please don’t. The difficulties you share could be really relatable to that person. You never know. It also can be real negative, if you overdo it.

Betty Collins: [00:16:59] In the movie, Hugh Grant, who is more of a playboy, not over-serious, successful, living on his dad’s money, but yet, he’s influential because he’s successful. Of course, the activist of Sandra Bullock’s very harsh about him. Then, in this one moment in the movie, they’re in her favorite place, and they’re talking about expectations, and they’re going on and on. Then Hugh Grant just says, “Or maybe no one having any expectations at all …”

Betty Collins: [00:17:59] She understood, in that moment, because her parents had such high- that his parents probably had such low, so no wonder he didn’t get it. He didn’t get what she was totally driven with, right? I just found that an interesting line, because she heard him, and, at that point in the movie – again, this is not real – but she listened to him differently. She treated him differently, because she saw something in him. For her, for parents, or anyone around you to not have expectations of you was very, very foreign to her, because that was all her parents were about. So, she heard, and it changed her view – again, influence.

Betty Collins: [00:18:42] Don’t take shortcuts when you’re trying to be an influencer. In fact, it might put you three steps forward, two steps back. You can’t do it faster and easier. It has to be at a pace that works. Don’t put your reputation at risk. Definitely don’t do that. To become an influencer, you probably have built a lot of authority and trust that we’ve talked about. Do not lose that investment by going rogue or just dipping into something that you shouldn’t. In this movie, both characters were so opposite, but they really never compromised who they were, at the end; they just didn’t. She loved historical buildings, and he loved new ones, and there was nothing wrong with either side. They didn’t ever put their reputation at risk, because that’s who they are and it’s what they did.

Betty Collins: [00:19:28] Lastly, but not leastly, it’s not about you. When you’re trying to influence, it cannot be about you. It may be about you, in the end; it might be somebody you’re trying to influence to build a bigger company or influence your family to be a better- all those things. But it really is about the person. It’s less about you, and it’s more about cheering on the cause, or cheering on the people that you’re trying to influence. Becoming a woman of influence is not for the weary. It is not just for the strong, either. I’ve seen all kinds of women in all kinds of positions in all stages of life influence.

Betty Collins: [00:20:01] These are just a few quotes that I found. I always love to find quotes, and so I’m out there googling, but I thought some of them were interesting. “If you’re going to influence, associate yourself with people of good quality, for it’s better to be alone than in bad company.” Two, “You can be much more influential if people are not aware of your influence.” Again, I go back to my friend Caroline Worley, who’s such a master at being political savvy and such a master at influence and using it for the good. She was fantastic. “Influence is like a savings account. The less you use, the more you got.” Let that sink in. And, “The ability to influence people without irritating them is probably the best skill that you can ever learn.”.

Betty Collins: [00:20:45] So, today I’ve said a lot. Get the transcript. Get my notes, because there’s a lot there that you need to dig into. Influencing, becoming that person of influence is something that you can do. It takes work, and it takes intentionality, but it would be worth it in the end of whatever that you’re trying to accomplish. I’m Betty Collins. Thank you for listening today.

Tagged With: CPa, CPA firm, Dayton accounting, Dayton business advisory, Dayton CPA, Dayton CPA firm, influence, Influencers, Inspiring Women, Inspiring Women podcast, woman owned business, women entrepreneurs, Women in Business, women of influence, women-owned businesses

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